NewMarket Corporation (NEU)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,461,580K
= 0.00
The debt-to-equity ratio of NewMarket Corporation has remained 0.00 consistently from December 31, 2020, through December 31, 2024. This indicates that the company has been financing its assets predominantly through equity rather than debt during this period. A consistent zero debt-to-equity ratio may suggest a conservative financial strategy, with low financial leverage and reduced risk of financial distress. However, it's important to note that a zero debt-to-equity ratio may also imply missed opportunities for leveraging debt to potentially enhance returns. Further analysis of other financial metrics and industry comparisons would provide a more comprehensive understanding of NewMarket Corporation's financial health and performance.
Peer comparison
Dec 31, 2024