NewMarket Corporation (NEU)

Current 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
Total current assets	US$ in thousands	77,476	1,137,630	1,115,240	1,119,320	1,039,570	1,065,590	1,140,100	1,131,560	1,192,120	1,174,100	1,160,960	1,114,330	1,388,170	1,366,860	1,423,470	1,352,470	898,078	854,362	790,024	930,934
Total current liabilities	US$ in thousands	374,478	401,953	419,516	390,794	364,164	332,204	349,038	358,496	423,887	426,135	446,634	411,699	725,087	391,397	372,125	335,853	312,455	308,899	233,983	312,912
Current ratio		0.21	2.83	2.66	2.86	2.85	3.21	3.27	3.16	2.81	2.76	2.60	2.71	1.91	3.49	3.83	4.03	2.87	2.77	3.38	2.98

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $77,476K ÷ $374,478K
= 0.21

The current ratio of NewMarket Corporation has fluctuated over the past few years, indicating the company's ability to meet its short-term obligations with its current assets. The current ratio peaked at 4.03 on March 31, 2021, suggesting a strong liquidity position at that time. However, the ratio gradually decreased and hit a low of 0.21 on December 31, 2024, which signals potential difficulties in meeting short-term obligations with current assets.

Overall, NewMarket Corporation's current ratio has shown variability, with some periods of healthier liquidity compared to others. It is important for the company to closely monitor and manage its current assets and liabilities to ensure a stable financial position and meet its short-term financial obligations effectively.