Quaker Chemical Corporation (KWR)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 669,614 | 730,623 | 933,561 | 836,412 | 849,068 |
| Total stockholders’ equity | US$ in thousands | 1,353,570 | 1,384,320 | 1,277,920 | 1,387,290 | 1,320,360 |
| Debt-to-equity ratio | 0.49 | 0.53 | 0.73 | 0.60 | 0.64 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $669,614K ÷ $1,353,570K
= 0.49
Quaker Chemical Corporation's debt-to-equity ratio has shown fluctuations over the past five years. In December 2020, the ratio stood at 0.64, indicating that the company had $0.64 in debt for every $1 of equity. By December 2021, the ratio decreased slightly to 0.60, suggesting a decrease in the company's reliance on debt financing relative to equity.
However, in December 2022, the debt-to-equity ratio increased to 0.73, signaling a higher proportion of debt in the company's capital structure. The ratio then improved significantly by December 2023, dropping to 0.53, indicating a more favorable position with lower debt levels relative to equity.
By December 2024, the debt-to-equity ratio further decreased to 0.49, reflecting a continued trend of decreasing reliance on debt compared to equity. Overall, the fluctuations in Quaker Chemical Corporation's debt-to-equity ratio suggest varying levels of financial leverage and the company's ability to manage its capital structure effectively over the years.
Peer comparison
Dec 31, 2024