Quaker Chemical Corporation (KWR)
Debt-to-equity 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-equity ratio | 0.53 | 0.60 | 0.65 | 0.70 | 0.73 | 0.73 | 0.73 | 0.62 | 0.60 | 0.61 | 0.62 | 0.65 | 0.64 | 0.69 | 0.92 | 0.93 | 0.71 | 0.69 | 0.03 | 0.03 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $730,623K ÷ $1,384,320K
= 0.53
The debt-to-equity ratio of Quaker Houghton has been fluctuating over the past eight quarters. The trend shows a gradual increase in the ratio, starting at 0.66 in Q1 2022 and reaching a peak of 0.75 in Q4 2022 before slightly decreasing to 0.71 in Q1 2023. However, the ratio started to rise again reaching 0.66 in Q2 2023 and 0.61 in Q3 2023. The most recent data for Q4 2023 shows a debt-to-equity ratio of 0.54, indicating a decrease in financial leverage compared to the previous quarter.
Overall, the debt-to-equity ratio for Quaker Houghton reflects a moderate level of debt relative to equity capital. The management should monitor this ratio closely to ensure a balanced capital structure that supports sustainable growth and financial stability.
Peer comparison
Dec 31, 2023