NewMarket Corporation (NEU)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,461,580 | 1,077,060 | 762,407 | 762,129 | 759,824 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,461,580K)
= 0.00
The debt-to-capital ratio of NewMarket Corporation has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has no debt in relation to its capital, which could imply a conservative financial strategy. It suggests that the company has significant control over its capital structure and does not heavily rely on borrowing to finance its operations or investments. This may be viewed positively by investors and creditors as it signifies lower financial risk and greater financial stability for the company. However, it is essential to consider other financial ratios and factors for a holistic assessment of the company's financial health and performance.
Peer comparison
Dec 31, 2024