Neogen (NEOG) Interest Coverage Ratio (2021 - 2024)
Neogen (NEOG) recorded quarterly Interest Coverage Ratio of 4.51 in Q2 2024, down 493.58% quarter-over-quarter from 1.15 in Q1 2024, and down 289.96% on a YoY basis from 2.37 in Q2 2023.
Neogen (NEOG) Interest Coverage Ratio (2021 - 2024) Analysis & Trends
Neogen's Interest Coverage Ratio history runs 4 years deep, the most recent figure standing at 4.51 for Q2 2024.
- In Q2 2024, Interest Coverage Ratio fell 289.96% year-over-year to 4.51; the TTM figure through Feb 2025 stood at 46.21 (down 2859.62% YoY), while the FY2025 annual figure was 6.24, down 8657.36% from the prior year.
- Interest Coverage Ratio was 4.51 for Q2 2024 at Neogen, down from 1.15 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 173.34 in Q1 2021 to a low of 4.51 in Q2 2024.
- Historically, Interest Coverage Ratio has averaged 38.53 across 4 years, with a median of 1.81 in 2023.
- The sharpest annual moves came in 2023 and 2024: Interest Coverage Ratio jumped 246.39% in 2023, then slumped 289.96% in 2024.
- A 4-year view of Interest Coverage Ratio shows it stood at 98.39 in 2021, then plunged by 100.98% to 0.96 in 2022, then jumped by 246.39% to 1.41 in 2023, then plunged by 419.96% to 4.51 in 2024.
- The last three Interest Coverage Ratio figures came in at 4.51 (Q2 2024), 1.15 (Q1 2024), and 1.41 (Q4 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 154.42 Bn | 147.76 Bn | 6.27 Bn | 7.73 |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 6.32 |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 8.09 |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | 12.23 |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | - |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | -2.90 |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | - |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 5.36 |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 20.98 |
| 10 | Neogen | 2.03 Bn | 1.87 Bn | 99.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2024 | -4.51 |
| Feb 29, 2024 | 1.15 |
| Nov 30, 2023 | 1.41 |
| Aug 31, 2023 | 1.81 |
| May 31, 2023 | 2.37 |
| Feb 28, 2023 | 1.73 |
| Nov 30, 2022 | -0.96 |
| Aug 31, 2022 | 16.30 |
| Feb 28, 2022 | 132.85 |
| Aug 31, 2021 | 98.39 |
| Feb 28, 2021 | 173.34 |