NewMarket Corporation (NEU)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,129,540 | 2,308,870 | 2,406,820 | 2,558,440 | 1,933,880 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,129,540K
= 0.00
The debt-to-assets ratio for NewMarket Corporation has remained consistent at 0.00% from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during the past five years. A low or zero debt-to-assets ratio is generally viewed positively as it suggests that the company has a strong financial position and is not heavily reliant on borrowing to fund its operations or investments. NewMarket Corporation's consistent zero debt-to-assets ratio demonstrates its ability to effectively manage its capital structure and suggests a lower risk of financial distress due to debt obligations.
Peer comparison
Dec 31, 2024