Neogen Corporation (NEOG)
Debt-to-capital ratio
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,071,250 | 2,660,350 | 2,669,070 | 3,135,190 | 3,144,140 | 3,146,170 | 3,147,570 | 3,146,180 | 3,134,220 | 3,125,560 | 3,106,260 | 883,798 | 887,374 | 875,544 | 865,476 | 855,363 | 840,377 | 807,683 | 777,395 | 751,546 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 as zero across multiple reporting periods, dating from August 31, 2020, through May 31, 2025. This indicates that during this time span, the company has maintained no long-term or short-term debt relative to its total capital structure. Such a stable, zero ratio suggests that Neogen Corporation's capital has been fully composed of equity rather than debt financing, reflecting a conservative capital management strategy or a capital structure that relies solely on equity financing. This zero debt-to-capital ratio persists throughout all reported periods, demonstrating the company's apparent absence of leverage, at least as measured by this ratio, during the observed timeframe.
Peer comparison
May 31, 2025