Neogen Balance Sheet Health
Financial Health criteria checks 4/6
Neogen has a total shareholder equity of $2.1B and total debt of $893.3M, which brings its debt-to-equity ratio to 43.1%. Its total assets and total liabilities are $3.4B and $1.4B respectively. Neogen's EBIT is $379.0K making its interest coverage ratio 0. It has cash and short-term investments of $129.0M.
Key information
43.13%
Debt to equity ratio
US$893.34m
Debt
| Interest coverage ratio | 0.006x |
| Cash | US$129.00m |
| Equity | US$2.07b |
| Total liabilities | US$1.37b |
| Total assets | US$3.44b |
Recent financial health updates
Is Neogen (NASDAQ:NEOG) Using Too Much Debt?
Jul 10
Here's Why Neogen (NASDAQ:NEOG) Is Weighed Down By Its Debt Load
Apr 11Does Neogen (NASDAQ:NEOG) Have A Healthy Balance Sheet?
Nov 07We Think Neogen (NASDAQ:NEOG) Is Taking Some Risk With Its Debt
Jul 31Neogen (NASDAQ:NEOG) Takes On Some Risk With Its Use Of Debt
Mar 29Recent updates
Neogen: A Nibble With The Sale Of An Out-Of-The-Money Call That Can Be Rolled Forward
Sep 08Is Neogen (NASDAQ:NEOG) Using Too Much Debt?
Jul 10
Food Safety And Genomics Will Expand Global Markets
Resilient core businesses, strategic divestitures, and efficiency initiatives are expected to stabilize revenue and expand margins as macro and operational conditions improve.Improved Revenues Required Before Neogen Corporation (NASDAQ:NEOG) Stock's 33% Jump Looks Justified
May 16Neogen: A Fair Divestment (Rating Upgrade)
Apr 23Here's Why Neogen (NASDAQ:NEOG) Is Weighed Down By Its Debt Load
Apr 11Neogen: Food Safety Play Is Far From A Safe Pay
Jan 14Risks To Shareholder Returns Are Elevated At These Prices For Neogen Corporation (NASDAQ:NEOG)
Dec 03Does Neogen (NASDAQ:NEOG) Have A Healthy Balance Sheet?
Nov 07Neogen Stock: Expect Volatility To Continue Amid Weak Growth
Oct 11Risks To Shareholder Returns Are Elevated At These Prices For Neogen Corporation (NASDAQ:NEOG)
Aug 28We Think Neogen (NASDAQ:NEOG) Is Taking Some Risk With Its Debt
Jul 31Neogen Corporation: Challenges Remain
Jun 26There's Reason For Concern Over Neogen Corporation's (NASDAQ:NEOG) Price
May 21Battered By M&A Integration Issues, Neogen Has To Rebuild Investor Trust
Apr 15Neogen Corporation Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next
Apr 12Neogen (NASDAQ:NEOG) Takes On Some Risk With Its Use Of Debt
Mar 29Neogen: All About Execution From Here On
Mar 26Statutory Profit Doesn't Reflect How Good Neogen's (NASDAQ:NEOG) Earnings Are
Jan 17Neogen Corporation Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts
Jan 12Neogen Corporation (NASDAQ:NEOG) Investors Are Less Pessimistic Than Expected
Jan 09Here's Why Neogen (NASDAQ:NEOG) Can Manage Its Debt Responsibly
Dec 06Neogen (NASDAQ:NEOG) Has A Somewhat Strained Balance Sheet
Jul 12Is There An Opportunity With Neogen Corporation's (NASDAQ:NEOG) 46% Undervaluation?
Jun 20Financial Position Analysis
Short Term Liabilities: NEOG's short term assets ($576.9M) exceed its short term liabilities ($174.0M).
Long Term Liabilities: NEOG's short term assets ($576.9M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: NEOG's net debt to equity ratio (36.9%) is considered satisfactory.
Reducing Debt: NEOG's debt to equity ratio has increased from 0% to 43.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NEOG has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NEOG has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 50.6% each year
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/06 08:37 |
| End of Day Share Price | 2025/10/03 00:00 |
| Earnings | 2025/05/31 |
| Annual Earnings | 2025/05/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Neogen Corporation is covered by 19 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Robert Labick | CJS Securities, Inc. |
| David Westenberg | CL King & Associates, Inc. |
| Steven Crowley | Craig-Hallum Capital Group LLC |