Quaker Chemical Corporation (KWR)

Debt-to-capital 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 stockholders’ equity US$ in thousands 1,384,320 1,340,380 1,335,980 1,316,110 1,277,920 1,279,000 1,329,940 1,395,070 1,387,290 1,383,080 1,374,800 1,328,890 1,320,360 1,225,940 1,166,910 1,162,120 1,240,760 1,202,020 456,507 444,991
Debt-to-capital ratio 0.35 0.38 0.39 0.41 0.42 0.42 0.42 0.38 0.38 0.38 0.38 0.39 0.39 0.41 0.48 0.48 0.42 0.41 0.03 0.03

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $730,623K ÷ ($730,623K + $1,384,320K)
= 0.35

The debt-to-capital ratio of Quaker Houghton has shown a slight decrease from 0.43 in Q4 2022 to 0.35 in Q4 2023, indicating that the company has reduced its reliance on debt financing compared to its capital structure. However, the trend from Q1 2022 to Q4 2023 shows a fluctuating pattern with some periods showing an increase in the ratio.

Overall, Quaker Houghton's debt-to-capital ratio has been relatively stable, hovering around the range of 0.35 to 0.43 over the past few quarters. This indicates that the company has maintained a balanced mix of debt and equity in its capital structure. It would be important to monitor future trends to see if the company continues to manage its debt levels effectively in relation to its overall capitalization.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-capital ratio
Quaker Chemical Corporation
KWR
0.35
Valvoline Inc
VVV
0.96