Neogen Corporation (NEOG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,071,250K
= 0.00
The analysis of Neogen Corporation's debt-to-equity ratio over the specified period reveals a consistent pattern of zero values across all reported dates. As of May 31 in each year from 2021 through 2025, the debt-to-equity ratio remains at 0.00. This indicates that the company has not reported any long-term or short-term debt relative to its shareholders’ equity during this timeframe. Such a steady ratio suggests a financial structure characterized by the absence of leverage, implying reliance solely on equity financing or internal funds to support the company's operations and growth initiatives. The sustained zero debt-to-equity ratio over multiple years reflects a potentially conservative capital structure, with no observable dependence on borrowed funds, which may contribute to financial stability and low financial risk.
Peer comparison
May 31, 2025