Neogen Short Long Term Debt Total vs Common Stock Shares Outstanding Analysis

NEOG Stock

USD 12.14 0.18 1.51%

Neogen financial indicator trend analysis is infinitely more than just investigating Neogen recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Neogen is a good investment. Please check the relationship between Neogen Short Long Term Debt Total and its Common Stock Shares Outstanding accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neogen. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Neogen Stock please use our How to Invest in Neogen guide.

Short Long Term Debt Total vs Common Stock Shares Outstanding

Short Long Term Debt Total vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Neogen Short Long Term Debt Total account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Neogen's Short Long Term Debt Total and Common Stock Shares Outstanding is 0.8. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Neogen, assuming nothing else is changed. The correlation between historical values of Neogen's Short Long Term Debt Total and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Neogen are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Short Long Term Debt Total i.e., Neogen's Short Long Term Debt Total and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Short Long Term Debt Total

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Neogen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Neogen current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neogen. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Neogen Stock please use our How to Invest in Neogen guide.At this time, Neogen's Enterprise Value Multiple is most likely to increase significantly in the upcoming years. The Neogen's current Enterprise Value is estimated to increase to about 3.8 B, while Tax Provision is projected to decrease to roughly 707.9 K.

	2021	2022	2023	2024 (projected)
Gross Profit	243.0M	406.0M	466.8M	490.2M
Total Revenue	527.2M	822.4M	945.8M	993.1M

Gross Profit Total Revenue

Neogen fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Short Term Investments
Total Assets		0.87	0.97	0.98	1.0	0.97	0.82	0.75	0.14	1.0	-0.13	0.44	0.93	0.94	0.99	0.84	0.99	1.0	0.99	0.96	0.73	0.77	0.99	0.99	0.98	-0.02
Short Long Term Debt Total	0.87		0.91	0.91	0.87	0.88	0.96	0.76	0.27	0.85	-0.2	0.51	0.84	0.8	0.84	0.83	0.9	0.85	0.85	0.95	0.73	0.71	0.85	0.9	0.9	0.17
Other Current Liab	0.97	0.91		1.0	0.98	1.0	0.82	0.87	0.33	0.95	-0.11	0.61	0.98	0.95	0.94	0.94	0.99	0.96	0.95	0.99	0.85	0.8	0.95	0.99	0.99	0.18
Total Current Liabilities	0.98	0.91	1.0		0.99	0.99	0.83	0.85	0.29	0.96	-0.12	0.57	0.97	0.95	0.95	0.92	1.0	0.97	0.96	0.99	0.83	0.79	0.96	1.0	0.99	0.14
Total Stockholder Equity	1.0	0.87	0.98	0.99		0.98	0.81	0.78	0.19	0.99	-0.13	0.48	0.95	0.95	0.98	0.87	0.99	0.99	0.99	0.97	0.76	0.78	0.99	0.99	0.99	0.03
Property Plant And Equipment Net	0.97	0.88	1.0	0.99	0.98		0.78	0.89	0.36	0.95	-0.1	0.63	0.99	0.95	0.93	0.95	0.99	0.95	0.94	0.98	0.87	0.8	0.94	0.99	0.99	0.2
Net Debt	0.82	0.96	0.82	0.83	0.81	0.78		0.56	0.01	0.83	-0.18	0.26	0.71	0.72	0.82	0.66	0.83	0.82	0.83	0.88	0.53	0.61	0.83	0.83	0.82	-0.07
Retained Earnings	0.75	0.76	0.87	0.85	0.78	0.89	0.56		0.75	0.69	-0.09	0.91	0.92	0.8	0.66	0.98	0.82	0.71	0.68	0.85	1.0	0.75	0.68	0.82	0.84	0.61
Cash	0.14	0.27	0.33	0.29	0.19	0.36	0.01	0.75		0.05	-0.09	0.95	0.44	0.24	0.02	0.61	0.25	0.08	0.04	0.31	0.78	0.38	0.04	0.25	0.3	0.97
Non Current Assets Total	1.0	0.85	0.95	0.96	0.99	0.95	0.83	0.69	0.05		-0.13	0.36	0.9	0.93	1.0	0.8	0.98	1.0	1.0	0.94	0.66	0.74	1.0	0.98	0.96	-0.1
Non Currrent Assets Other	-0.13	-0.2	-0.11	-0.12	-0.13	-0.1	-0.18	-0.09	-0.09	-0.13		-0.12	-0.05	-0.06	-0.13	-0.07	-0.18	-0.13	-0.13	-0.15	-0.11	-0.06	-0.13	-0.12	-0.15	-0.18
Cash And Short Term Investments	0.44	0.51	0.61	0.57	0.48	0.63	0.26	0.91	0.95	0.36	-0.12		0.69	0.51	0.33	0.82	0.54	0.38	0.35	0.58	0.93	0.58	0.35	0.54	0.58	0.88
Net Receivables	0.93	0.84	0.98	0.97	0.95	0.99	0.71	0.92	0.44	0.9	-0.05	0.69		0.96	0.88	0.97	0.96	0.91	0.89	0.96	0.9	0.78	0.89	0.96	0.96	0.27
Common Stock Shares Outstanding	0.94	0.8	0.95	0.95	0.95	0.95	0.72	0.8	0.24	0.93	-0.06	0.51	0.96		0.92	0.89	0.95	0.93	0.92	0.92	0.78	0.63	0.92	0.96	0.94	0.05
Non Current Liabilities Total	0.99	0.84	0.94	0.95	0.98	0.93	0.82	0.66	0.02	1.0	-0.13	0.33	0.88	0.92		0.77	0.97	1.0	1.0	0.93	0.63	0.73	1.0	0.97	0.95	-0.14
Inventory	0.84	0.83	0.94	0.92	0.87	0.95	0.66	0.98	0.61	0.8	-0.07	0.82	0.97	0.89	0.77		0.9	0.81	0.79	0.92	0.97	0.77	0.79	0.9	0.91	0.46
Other Current Assets	0.99	0.9	0.99	1.0	0.99	0.99	0.83	0.82	0.25	0.98	-0.18	0.54	0.96	0.95	0.97	0.9		0.98	0.97	0.99	0.8	0.78	0.97	1.0	0.99	0.1
Other Stockholder Equity	1.0	0.85	0.96	0.97	0.99	0.95	0.82	0.71	0.08	1.0	-0.13	0.38	0.91	0.93	1.0	0.81	0.98		1.0	0.95	0.68	0.75	1.0	0.98	0.97	-0.08
Total Liab	0.99	0.85	0.95	0.96	0.99	0.94	0.83	0.68	0.04	1.0	-0.13	0.35	0.89	0.92	1.0	0.79	0.97	1.0		0.94	0.65	0.74	1.0	0.97	0.96	-0.11
Property Plant And Equipment Gross	0.96	0.95	0.99	0.99	0.97	0.98	0.88	0.85	0.31	0.94	-0.15	0.58	0.96	0.92	0.93	0.92	0.99	0.95	0.94		0.83	0.79	0.94	0.99	0.99	0.17
Total Current Assets	0.73	0.73	0.85	0.83	0.76	0.87	0.53	1.0	0.78	0.66	-0.11	0.93	0.9	0.78	0.63	0.97	0.8	0.68	0.65	0.83		0.74	0.65	0.8	0.82	0.65
Short Term Debt	0.77	0.71	0.8	0.79	0.78	0.8	0.61	0.75	0.38	0.74	-0.06	0.58	0.78	0.63	0.73	0.77	0.78	0.75	0.74	0.79	0.74		0.74	0.78	0.79	0.29
Intangible Assets	0.99	0.85	0.95	0.96	0.99	0.94	0.83	0.68	0.04	1.0	-0.13	0.35	0.89	0.92	1.0	0.79	0.97	1.0	1.0	0.94	0.65	0.74		0.97	0.96	-0.11
Accounts Payable	0.99	0.9	0.99	1.0	0.99	0.99	0.83	0.82	0.25	0.98	-0.12	0.54	0.96	0.96	0.97	0.9	1.0	0.98	0.97	0.99	0.8	0.78	0.97		0.99	0.09
Common Stock Total Equity	0.98	0.9	0.99	0.99	0.99	0.99	0.82	0.84	0.3	0.96	-0.15	0.58	0.96	0.94	0.95	0.91	0.99	0.97	0.96	0.99	0.82	0.79	0.96	0.99		0.15
Short Term Investments	-0.02	0.17	0.18	0.14	0.03	0.2	-0.07	0.61	0.97	-0.1	-0.18	0.88	0.27	0.05	-0.14	0.46	0.1	-0.08	-0.11	0.17	0.65	0.29	-0.11	0.09	0.15

Click cells to compare fundamentals

Neogen Account Relationship Matchups

Neogen fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	797.2M	920.2M	992.9M	4.6B	5.2B	5.5B
Other Current Liab	22.8M	25.0M	36.3M	60.9M	70.0M	73.5M
Total Current Liabilities	48.5M	53.6M	77.8M	145.5M	167.3M	175.7M
Total Stockholder Equity	725.2M	840.4M	887.4M	3.1B	3.6B	3.8B
Property Plant And Equipment Net	78.7M	100.5M	110.6M	198.7M	228.6M	240.0M
Net Debt	(342.6M)	(379.8M)	605.6M	736.8M	663.1M	696.2M
Retained Earnings	478.7M	539.6M	587.9M	565.0M	649.8M	682.3M
Cash	343.7M	381.1M	381.1M	163.2M	187.7M	197.1M
Non Current Assets Total	259.8M	328.7M	366.1M	4.0B	4.6B	4.8B
Non Currrent Assets Other	2.2M	2.0M	2.2M	15.2M	17.5M	15.5M
Cash And Short Term Investments	343.7M	381.1M	381.1M	245.6M	282.4M	296.5M
Net Receivables	84.7M	91.8M	99.7M	153.3M	176.2M	185.1M
Common Stock Shares Outstanding	105.7M	107.1M	108.0M	188.9M	217.2M	228.1M
Liabilities And Stockholders Equity	797.2M	920.2M	992.9M	4.6B	5.2B	5.5B
Non Current Liabilities Total	23.5M	26.2M	27.7M	1.3B	1.5B	1.5B
Inventory	95.1M	100.7M	122.3M	133.8M	153.9M	161.6M
Other Current Assets	14.0M	17.8M	23.8M	53.3M	61.3M	64.4M
Other Stockholder Equity	257.7M	295.0M	310.0M	2.6B	3.0B	3.1B
Total Liab	72.0M	79.8M	105.6M	1.4B	1.6B	1.7B
Property Plant And Equipment Gross	80.6M	102.9M	215.5M	318.9M	366.7M	385.0M
Total Current Assets	537.4M	591.5M	626.8M	585.9M	673.8M	707.5M
Accumulated Other Comprehensive Income	(19.7M)	(11.4M)	(27.8M)	(33.3M)	(29.9M)	(28.4M)
Intangible Assets	66.6M	92.3M	107.5M	1.6B	1.8B	1.9B
Accounts Payable	25.7M	23.9M	34.6M	76.7M	88.2M	92.6M
Common Stock Total Equity	8.5M	17.2M	17.2M	34.6M	39.8M	41.8M
Short Term Investments	277.4M	305.5M	336.6M	82.3M	94.7M	91.9M
Common Stock	8.5M	17.2M	17.2M	34.6M	39.8M	37.8M
Other Liab	22.6M	26.2M	27.7M	375.7M	432.1M	453.7M
Other Assets	2.2M	2.0M	4.8B	15.2M	17.5M	16.6M
Good Will	181.1M	228.3M	255.5M	3.8B	4.3B	4.6B
Property Plant Equipment	78.7M	100.5M	110.6M	198.7M	228.6M	240.0M
Net Tangible Assets	599.6M	612.1M	887.4M	3.1B	3.6B	3.8B
Retained Earnings Total Equity	478.7M	539.6M	587.9M	565.0M	649.8M	382.8M

Neogen Investors Sentiment

The influence of Neogen's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Neogen. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Neogen's public news can be used to forecast risks associated with an investment in Neogen. The trend in average sentiment can be used to explain how an investor holding Neogen can time the market purely based on public headlines and social activities around Neogen. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Neogen's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Neogen's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Neogen's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Neogen.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Neogen in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Neogen's short interest history, or implied volatility extrapolated from Neogen options trading.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

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When determining whether Neogen is a strong investment it is important to analyze Neogen's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Neogen's future performance. For an informed investment choice regarding Neogen Stock, refer to the following important reports:

How To Invest In Neogen

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Is Neogen Stock a good investment?

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What is Neogen's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neogen. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Neogen Stock please use our How to Invest in Neogen guide.

You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running Neogen's price analysis, check to measure Neogen's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Neogen is operating at the current time. Most of Neogen's value examination focuses on studying past and present price action to predict the probability of Neogen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neogen's price. Additionally, you may evaluate how the addition of Neogen to your portfolios can decrease your overall portfolio volatility.

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Is Neogen's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Neogen. If investors know Neogen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Neogen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.86)

Earnings Share

0.02

Revenue Per Share

4.293

Quarterly Revenue Growth

0.048

Return On Assets

0.0179

The market value of Neogen is measured differently than its book value, which is the value of Neogen that is recorded on the company's balance sheet. Investors also form their own opinion of Neogen's value that differs from its market value or its book value, called intrinsic value, which is Neogen's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Neogen's market value can be influenced by many factors that don't directly affect Neogen's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Neogen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Neogen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neogen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Neogen Short Long Term Debt Total vs Common Stock Shares Outstanding Analysis

Short Long Term Debt Total vs Common Stock Shares Outstanding

Short Long Term Debt Total vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Short Long Term Debt Total

Common Stock Shares Outstanding

Neogen fundamental ratios Correlations

Neogen Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Neogen fundamental ratios Accounts

Neogen Investors Sentiment

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Neogen Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Property Plant And Equipment Net	+ 1.0	Other Current Liab
Other Current Assets	+ 1.0	Total Current Liabilities

Non Currrent Assets Other	- 0.2	Short Long Term Debt Total
Short Term Investments	- 0.18	Non Currrent Assets Other
Other Current Assets	- 0.18	Non Currrent Assets Other
Non Currrent Assets Other	- 0.18	Net Debt
Common Stock Total Equity	- 0.15	Non Currrent Assets Other
Property Plant And Equipment Gross	- 0.15	Non Currrent Assets Other