NewMarket Balance Sheet Health
Financial Health criteria checks 4/6
NewMarket has a total shareholder equity of $1.2B and total debt of $1.3B, which brings its debt-to-equity ratio to 111%. Its total assets and total liabilities are $3.2B and $2.0B respectively. NewMarket's EBIT is $537.1M making its interest coverage ratio 12.7. It has cash and short-term investments of $117.1M.
Key information
111.0%
Debt to equity ratio
US$1.28b
Debt
Interest coverage ratio | 12.7x |
Cash | US$117.07m |
Equity | US$1.15b |
Total liabilities | US$2.01b |
Total assets | US$3.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UG9's short term assets ($1.1B) exceed its short term liabilities ($390.8M).
Long Term Liabilities: UG9's short term assets ($1.1B) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: UG9's net debt to equity ratio (100.9%) is considered high.
Reducing Debt: UG9's debt to equity ratio has reduced from 145.3% to 111% over the past 5 years.
Debt Coverage: UG9's debt is well covered by operating cash flow (44.5%).
Interest Coverage: UG9's interest payments on its debt are well covered by EBIT (12.7x coverage).