Neogen Corporation (NEOG)
Debt-to-assets ratio
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,443,840 | 4,548,830 | 4,554,430 | 992,929 | 920,192 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,443,840K
= 0.00
The debt-to-assets ratio for Neogen Corporation has consistently been reported at 0.00 across all analyzed periods from May 31, 2021, through May 31, 2025. This indicates that the company has maintained a negligible or nonexistent level of debt relative to its total assets during this time frame. Such a stable and zero ratio suggests that Neogen Corporation primarily relies on equity financing rather than debt to fund its assets, reflecting a conservative capital structure with minimal leverage. The absence of detectable debt obligations enhances the company's financial stability and reduces its financial risk, though it may also imply limited use of debt financing to potentially accelerate growth or optimize capital costs.
Peer comparison
May 31, 2025