Quaker Chemical Corporation (KWR)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 730,623 | 804,973 | 863,934 | 921,555 | 933,561 | 931,491 | 972,369 | 858,287 | 836,412 | 839,275 | 847,154 | 859,433 | 849,068 | 846,070 | 1,070,310 | 1,076,290 | 882,437 | 826,503 | 11,788 | 11,720 |
| Total assets | US$ in thousands | 2,714,210 | 2,732,510 | 2,790,240 | 2,858,460 | 2,821,620 | 2,831,500 | 2,970,760 | 2,996,720 | 2,955,760 | 2,941,830 | 2,944,820 | 2,912,950 | 2,891,830 | 2,753,190 | 2,871,530 | 2,920,550 | 2,850,320 | 2,724,500 | 724,530 | 708,523 |
| Debt-to-assets ratio | 0.27 | 0.29 | 0.31 | 0.32 | 0.33 | 0.33 | 0.33 | 0.29 | 0.28 | 0.29 | 0.29 | 0.30 | 0.29 | 0.31 | 0.37 | 0.37 | 0.31 | 0.30 | 0.02 | 0.02 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $730,623K ÷ $2,714,210K
= 0.27
Quaker Houghton's debt-to-assets ratio has been relatively stable over the past quarters, ranging from 0.28 to 0.34. The decreasing trend from Q1 2023 to Q4 2022 indicates that the company has been gradually reducing its debt in relation to its total assets. This trend suggests improved financial stability and lower financial risk for the company. However, the ratio increased in Q2 and Q3 2023, which could indicate a temporary increase in debt relative to assets during this period. Overall, Quaker Houghton's debt-to-assets ratio at around 0.30 to 0.34 indicates that a significant portion of the company's assets are financed by debt, but the trend towards lower ratios is a positive sign for the company's financial health.
Peer comparison
Dec 31, 2023