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.