Neogen Corporation (NEOG)
Financial leverage ratio
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,443,840 | 4,548,830 | 4,554,430 | 992,929 | 920,192 |
| Total stockholders’ equity | US$ in thousands | 2,071,250 | 3,144,140 | 3,134,220 | 887,374 | 840,377 |
| Financial leverage ratio | 1.66 | 1.45 | 1.45 | 1.12 | 1.09 |
May 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,443,840K ÷ $2,071,250K
= 1.66
The financial leverage ratio of Neogen Corporation exhibits a notable upward trend over the analyzed period from May 31, 2021, through May 31, 2025. Specifically, the ratio increased from 1.09 in 2021 to 1.12 in 2022, indicating a marginal rise in reliance on debt relative to equity. A more substantial escalation is observed subsequently, with the ratio reaching 1.45 in both 2023 and 2024, suggesting an increased leverage position maintained over this two-year span. The ratio further climbs to 1.66 by 2025, reflecting an ongoing trend toward higher financial leverage. The steady increase over this period indicates that Neogen Corporation has progressively augmented its use of debt financing relative to shareholders' equity, potentially amplifying its financial risk but also possibly supporting growth initiatives.
Peer comparison
May 31, 2025