NewMarket Corporation (NEU)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,461,580 | 1,364,290 | 1,235,350 | 1,152,290 | 1,077,060 | 971,943 | 892,740 | 821,800 | 762,407 | 667,376 | 721,335 | 760,090 | 762,129 | 772,773 | 849,210 | 810,355 | 759,824 | 723,526 | 635,285 | 639,249 |
| Debt-to-capital 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-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 been 0.00 for the past several quarters, including for the most recent data available as of December 31, 2024. This indicates that the company has not utilized any debt to finance its operations relative to its capital structure during this period. A debt-to-capital ratio of 0.00 typically suggests that the company is primarily funded through equity rather than debt, which may signify a conservative financial policy and a lower level of financial risk. However, it is important to note that in some cases, a low debt-to-capital ratio may also indicate missed opportunities for leveraging debt to potentially enhance returns for shareholders.
Peer comparison
Dec 31, 2024