NewMarket Corporation (NEU)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,461,580K
= 0.00
NewMarket Corporation has consistently maintained a debt-to-equity ratio of 0.00 across all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations and has relied solely on equity as a source of capital. A debt-to-equity ratio of 0.00 signifies a conservative financial structure, with no debt obligations compared to shareholder equity. This could be viewed positively by investors and creditors, as it implies a lower financial risk and a stronger financial position for the company. It may also suggest that NewMarket Corporation has had sufficient cash flows or retained earnings to fund its growth and operations without the need for external borrowing. However, it is essential to consider that a zero debt-to-equity ratio may also indicate missed opportunities for leveraging debt for potential growth or expansion.
Peer comparison
Dec 31, 2024