NewMarket Corporation (NEU)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 3,129,540 | 3,166,280 | 3,150,070 | 3,157,500 | 2,308,870 | 2,290,400 | 2,366,140 | 2,350,770 | 2,406,820 | 2,336,840 | 2,330,670 | 2,281,550 | 2,558,440 | 2,437,220 | 2,478,710 | 2,399,390 | 1,933,880 | 1,880,120 | 1,799,140 | 1,933,680 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 of NewMarket Corporation has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not used debt financing to fund its assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company has a strong financial position with minimal financial risk related to debt. It implies that the company's assets are primarily financed through equity or other non-debt sources. This stability in the debt-to-assets ratio may reflect a conservative financial policy or a strategic decision to avoid taking on debt to finance operations and growth.
Peer comparison
Dec 31, 2024