Quaker Chemical Corporation (KWR)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 669,614 | 700,648 | 703,655 | 740,408 | 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 |
| Total assets | US$ in thousands | 2,610,650 | 2,735,680 | 2,672,190 | 2,714,370 | 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 |
| Debt-to-assets ratio | 0.26 | 0.26 | 0.26 | 0.27 | 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 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $669,614K ÷ $2,610,650K
= 0.26
Quaker Chemical Corporation's debt-to-assets ratio has been relatively stable and decreasing over the past few years. The ratio ranged from 0.37 in March 2020 to 0.26 in December 2024. This indicates that the company's level of debt in relation to its total assets has been decreasing gradually over time. A lower debt-to-assets ratio suggests that the company has a lower reliance on debt to finance its operations and indicates a stronger financial position. It also implies that Quaker Chemical Corporation has a higher proportion of assets financed by equity. Overall, the downward trend in the debt-to-assets ratio is a positive sign for the company's financial health and risk management.
Peer comparison
Dec 31, 2024