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