Neogen Corporation (NEOG)
Debt-to-capital ratio
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,071,250 | 3,144,140 | 3,134,220 | 887,374 | 840,377 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,071,250K)
= 0.00
The debt-to-capital 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 during this time frame, the company has not utilized long-term or short-term debt in its capital structure. A debt-to-capital ratio of zero suggests that Neogen's total capital is entirely financed through equity, with no reliance on debt financing. This financial positioning reflects a conservative capital structure that minimizes leverage-related risks and interest obligations, potentially offering stability and flexibility. However, it also implies that the company may not be leveraging debt to fund growth initiatives or operational expansion, which could influence its ability to capitalize on leverage benefits. Overall, the consistent absence of debt underscores Neogen's conservative approach to debt management over this period.
Peer comparison
May 31, 2025