Neogen Corporation (NEOG) — Working Capital to Net Assets Ratio
Neogen Corporation (NEOG) has a Working Capital to Net Assets ratio of 20.9% as of February 2026. Working capital of $439.40 Million (current assets of $590.00 Million minus current liabilities of $150.60 Million) is measured against net assets of $2.10 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See NEOG financial flexibility score to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Neogen Corporation Working Capital to Net Assets (1988–2025)
This chart shows how Neogen Corporation's Working Capital to Net Assets ratio has evolved across 38 annual periods from 1988 to 2025. As of February 2026, the ratio stands at 20.9%, reflecting working capital of $439.40 Million against net assets of $2.10 Billion USD. See Neogen Corporation (NEOG) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Neogen Corporation (1988–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Neogen Corporation from 1988 to 2025, covering 38 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Neogen Corporation (NEOG) market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 19.5% | $402.93 Million | $2.07 Billion | $576.94 Million | $174.01 Million | ▲ +5.6 pp |
| 2024 | 13.8% | $434.91 Million | $3.14 Billion | $589.23 Million | $154.32 Million | ▼ -0.2 pp |
| 2023 | 14.1% | $440.46 Million | $3.13 Billion | $585.93 Million | $145.47 Million | ▼ -47.8 pp |
| 2022 | 61.9% | $548.95 Million | $887.37 Million | $626.80 Million | $77.84 Million | ▼ -2.1 pp |
| 2021 | 64.0% | $537.85 Million | $840.38 Million | $591.45 Million | $53.60 Million | ▼ -3.4 pp |
| 2020 | 67.4% | $488.92 Million | $725.18 Million | $537.41 Million | $48.49 Million | ▲ +2.9 pp |
| 2019 | 64.5% | $411.28 Million | $637.90 Million | $449.53 Million | $38.25 Million | ▲ +4.3 pp |
| 2018 | 60.2% | $337.10 Million | $560.17 Million | $375.79 Million | $38.69 Million | ▲ +5.7 pp |
| 2017 | 54.5% | $256.96 Million | $471.76 Million | $292.96 Million | $36.00 Million | ▼ -0.3 pp |
| 2016 | 54.8% | $221.40 Million | $404.16 Million | $250.00 Million | $28.60 Million | ▼ -3.8 pp |
| 2015 | 58.6% | $205.74 Million | $350.96 Million | $231.19 Million | $25.46 Million | ▲ +5.2 pp |
| 2014 | 53.5% | $163.78 Million | $306.30 Million | $188.75 Million | $24.97 Million | ▼ -4.9 pp |
| 2013 | 58.4% | $150.73 Million | $258.29 Million | $168.45 Million | $17.72 Million | ▲ +1.8 pp |
| 2012 | 56.6% | $123.96 Million | $219.05 Million | $143.94 Million | $19.98 Million | ▲ +1.2 pp |
| 2011 | 55.4% | $104.70 Million | $188.98 Million | $122.50 Million | $17.80 Million | ▲ +10.3 pp |
| 2010 | 45.1% | $68.99 Million | $153.05 Million | $86.02 Million | $17.03 Million | ▼ -3.5 pp |
| 2009 | 48.6% | $62.52 Million | $128.68 Million | $71.77 Million | $9.25 Million | ▼ -0.4 pp |
| 2008 | 49.0% | $54.49 Million | $111.25 Million | $65.63 Million | $11.14 Million | ▲ +4.3 pp |
| 2007 | 44.7% | $41.06 Million | $91.94 Million | $51.10 Million | $10.04 Million | ▲ +4.0 pp |
| 2006 | 40.7% | $26.25 Million | $64.55 Million | $36.27 Million | $10.02 Million | ▼ -0.6 pp |
| 2005 | 41.3% | $22.64 Million | $54.84 Million | $28.38 Million | $5.74 Million | ▼ -1.8 pp |
| 2004 | 43.1% | $20.62 Million | $47.84 Million | $26.27 Million | $5.66 Million | ▼ -10.5 pp |
| 2003 | 53.6% | $22.21 Million | $41.40 Million | $27.97 Million | $5.76 Million | ▼ -0.6 pp |
| 2002 | 54.3% | $19.29 Million | $35.55 Million | $23.25 Million | $3.96 Million | ▼ -7.9 pp |
| 2001 | 62.2% | $18.24 Million | $29.34 Million | $21.58 Million | $3.33 Million | ▼ -8.6 pp |
| 2000 | 70.8% | $18.27 Million | $25.80 Million | $21.60 Million | $3.34 Million | ▼ -2.3 pp |
| 1999 | 73.1% | $17.40 Million | $23.80 Million | $19.30 Million | $1.90 Million | ▲ +0.2 pp |
| 1998 | 72.9% | $17.20 Million | $23.60 Million | $18.60 Million | $1.40 Million | ▼ -9.0 pp |
| 1997 | 81.9% | $17.20 Million | $21.00 Million | $19.00 Million | $1.80 Million | ▲ +23.5 pp |
| 1996 | 58.4% | $5.20 Million | $8.90 Million | $7.50 Million | $2.30 Million | ▼ -7.5 pp |
| 1995 | 65.9% | $5.80 Million | $8.80 Million | $8.10 Million | $2.30 Million | ▼ -4.2 pp |
| 1994 | 70.1% | $5.40 Million | $7.70 Million | $6.90 Million | $1.50 Million | ▼ -3.6 pp |
| 1993 | 73.8% | $4.50 Million | $6.10 Million | $5.60 Million | $1.10 Million | ▼ -9.0 pp |
| 1992 | 82.8% | $5.30 Million | $6.40 Million | $6.40 Million | $1.10 Million | ▼ -5.9 pp |
| 1991 | 88.7% | $6.30 Million | $7.10 Million | $7.30 Million | $1.00 Million | ▼ -3.7 pp |
| 1990 | 92.4% | $7.30 Million | $7.90 Million | $8.20 Million | $900.00K | ▲ +116.8 pp |
| 1989 | -24.4% | $1.10 Million | $-4.50 Million | $3.30 Million | $2.20 Million | ▲ +9.7 pp |
| 1988 | -34.1% | $1.40 Million | $-4.10 Million | $3.70 Million | $2.30 Million | — |