Neogen Corporation (NEOG) — Tangible Net Worth Ratio
Neogen Corporation (NEOG) has a Tangible Net Worth Ratio of 35.4% as of November 2025. This metric is calculated by deducting intangible assets ($1.36 Billion) from net assets ($2.10 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See NEOG current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Neogen Corporation Tangible Net Worth Ratio (1990–2025)
This chart shows how Neogen Corporation's Tangible Net Worth Ratio has changed across 36 annual periods from 1990 to 2025. As of November 2025, the ratio stands at 35.4%, reflecting net assets of $2.10 Billion with intangible assets of $1.36 Billion USD. See NEOG cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Neogen Corporation (1990–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Neogen Corporation from 1990 to 2025, covering 36 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see NEOG market cap.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 31.9% | $2.07 Billion | $1.41 Billion | $3.44 Billion | ▼ -20.0 pp |
| 2024 | 51.9% | $3.14 Billion | $1.51 Billion | $4.55 Billion | ▲ +3.1 pp |
| 2023 | 48.8% | $3.13 Billion | $1.61 Billion | $4.55 Billion | ▼ -39.1 pp |
| 2022 | 87.9% | $887.37 Million | $107.50 Million | $992.93 Million | ▼ -1.1 pp |
| 2021 | 89.0% | $840.38 Million | $92.32 Million | $920.19 Million | ▼ -1.8 pp |
| 2020 | 90.8% | $725.18 Million | $66.58 Million | $797.18 Million | ▲ +1.4 pp |
| 2019 | 89.4% | $637.90 Million | $67.61 Million | $695.74 Million | ▲ +1.8 pp |
| 2018 | 87.6% | $560.17 Million | $69.59 Million | $618.01 Million | ▲ +2.2 pp |
| 2017 | 85.4% | $471.76 Million | $68.94 Million | $528.41 Million | ▼ -0.1 pp |
| 2016 | 85.5% | $404.16 Million | $58.52 Million | $451.71 Million | ▼ -1.3 pp |
| 2015 | 86.8% | $350.96 Million | $46.39 Million | $392.18 Million | ▲ +1.9 pp |
| 2014 | 84.8% | $306.30 Million | $46.42 Million | $345.30 Million | ▼ -4.2 pp |
| 2013 | 89.1% | $258.29 Million | $28.27 Million | $289.25 Million | ▲ +0.3 pp |
| 2012 | 88.7% | $219.05 Million | $24.67 Million | $251.60 Million | ▼ -2.2 pp |
| 2011 | 90.9% | $188.98 Million | $17.17 Million | $219.66 Million | ▲ +2.1 pp |
| 2010 | 88.8% | $153.05 Million | $17.16 Million | $180.23 Million | ▼ -3.5 pp |
| 2009 | 92.3% | $128.68 Million | $9.87 Million | $142.18 Million | ▲ +0.9 pp |
| 2008 | 91.4% | $111.25 Million | $9.57 Million | $126.36 Million | ▲ +1.6 pp |
| 2007 | 89.8% | $91.94 Million | $9.36 Million | $105.28 Million | ▼ -7.0 pp |
| 2006 | 96.8% | $64.55 Million | $2.08 Million | $88.29 Million | ▲ +34.5 pp |
| 2005 | 62.3% | $54.84 Million | $20.68 Million | $63.88 Million | ▲ +2.6 pp |
| 2004 | 59.7% | $47.84 Million | $19.29 Million | $59.98 Million | ▼ -4.2 pp |
| 2003 | 63.9% | $41.40 Million | $14.94 Million | $48.04 Million | ▼ -0.4 pp |
| 2002 | 64.3% | $35.55 Million | $12.69 Million | $39.90 Million | ▼ -11.6 pp |
| 2001 | 75.9% | $29.34 Million | $7.08 Million | $33.02 Million | ▼ -9.0 pp |
| 2000 | 84.9% | $25.80 Million | $3.89 Million | $29.53 Million | ▼ -1.6 pp |
| 1999 | 86.6% | $23.80 Million | $3.20 Million | $26.10 Million | ▲ +3.5 pp |
| 1998 | 83.1% | $23.60 Million | $4.00 Million | $25.40 Million | ▼ -7.4 pp |
| 1997 | 90.5% | $21.00 Million | $2.00 Million | $23.10 Million | ▲ +12.9 pp |
| 1996 | 77.5% | $8.90 Million | $2.00 Million | $11.50 Million | ▼ -5.4 pp |
| 1995 | 83.0% | $8.80 Million | $1.50 Million | $11.50 Million | ▼ -6.7 pp |
| 1994 | 89.6% | $7.70 Million | $800.00K | $9.10 Million | ▼ -3.8 pp |
| 1993 | 93.4% | $6.10 Million | $400.00K | $7.30 Million | ▼ -6.6 pp |
| 1992 | 100.0% | $6.40 Million | $0.00 | $7.60 Million | ▲ +0.0 pp |
| 1991 | 100.0% | $7.10 Million | $0.00 | $8.50 Million | ▲ +0.0 pp |
| 1990 | 100.0% | $7.90 Million | $0.00 | $9.40 Million | — |