NewMarket Balance Sheet Health
Financial Health criteria checks 4/6
NewMarket has a total shareholder equity of $1.4B and total debt of $1.1B, which brings its debt-to-equity ratio to 79.5%. Its total assets and total liabilities are $3.2B and $1.8B respectively. NewMarket's EBIT is $599.7M making its interest coverage ratio 11.4. It has cash and short-term investments of $80.3M.
Key information
79.5%
Debt to equity ratio
US$1.09b
Debt
| Interest coverage ratio | 11.4x |
| Cash | US$80.31m |
| Equity | US$1.36b |
| Total liabilities | US$1.80b |
| Total assets | US$3.17b |
Recent financial health updates
Here's Why NewMarket (NYSE:NEU) Can Manage Its Debt Responsibly
Sep 01
NewMarket (NYSE:NEU) Seems To Use Debt Quite Sensibly
May 11Is NewMarket (NYSE:NEU) Using Too Much Debt?
Jan 18Does NewMarket (NYSE:NEU) Have A Healthy Balance Sheet?
Sep 29NewMarket (NYSE:NEU) Has A Pretty Healthy Balance Sheet
Jun 25NewMarket (NYSE:NEU) Seems To Use Debt Quite Sensibly
Mar 27Recent updates
Do NewMarket's (NYSE:NEU) Earnings Warrant Your Attention?
Oct 17NewMarket: Accelerating EBITDA After M&A Completion
Oct 08Here's Why NewMarket (NYSE:NEU) Can Manage Its Debt Responsibly
Sep 01A Piece Of The Puzzle Missing From NewMarket Corporation's (NYSE:NEU) Share Price
Aug 12We Ran A Stock Scan For Earnings Growth And NewMarket (NYSE:NEU) Passed With Ease
Jul 11NewMarket Corporation: Surprisingly Strong Start Of The Year Despite Expensive Acquisition
Jun 20NewMarket (NYSE:NEU) Seems To Use Debt Quite Sensibly
May 11Lacklustre Performance Is Driving NewMarket Corporation's (NYSE:NEU) Low P/E
Apr 26Here's Why We Think NewMarket (NYSE:NEU) Is Well Worth Watching
Mar 28NewMarket (NYSE:NEU) Is Paying Out A Larger Dividend Than Last Year
Mar 12NewMarket (NYSE:NEU) Is Paying Out A Larger Dividend Than Last Year
Feb 26Is NewMarket (NYSE:NEU) Using Too Much Debt?
Jan 18NewMarket: A Strong 2023 But Not Enough Details On A Recent Acquisition
Jan 11NewMarket Corporation's (NYSE:NEU) Shares Not Telling The Full Story
Dec 31We Ran A Stock Scan For Earnings Growth And NewMarket (NYSE:NEU) Passed With Ease
Nov 25Here's What NewMarket's (NYSE:NEU) Strong Returns On Capital Mean
Oct 18Does NewMarket (NYSE:NEU) Have A Healthy Balance Sheet?
Sep 29NewMarket Corporation: Showing Why It's A Winner
Sep 07Should You Be Adding NewMarket (NYSE:NEU) To Your Watchlist Today?
Aug 18Estimating The Fair Value Of NewMarket Corporation (NYSE:NEU)
Jul 31Capital Investment Trends At NewMarket (NYSE:NEU) Look Strong
Jul 16NewMarket (NYSE:NEU) Has A Pretty Healthy Balance Sheet
Jun 25NewMarket (NYSE:NEU) Knows How To Allocate Capital
Apr 14NewMarket (NYSE:NEU) Seems To Use Debt Quite Sensibly
Mar 27NewMarket (NYSE:NEU) Will Pay A Dividend Of $2.10
Feb 27NewMarket declares $2.10 dividend
Feb 23NewMarket GAAP EPS of $9.26, revenue of $682.56M
Jan 31Returns On Capital Signal Tricky Times Ahead For NewMarket (NYSE:NEU)
Dec 15We Think NewMarket (NYSE:NEU) Is Taking Some Risk With Its Debt
Nov 22NewMarket (NYSE:NEU) Is Due To Pay A Dividend Of $2.10
Oct 31NewMarket GAAP EPS of $6.32, revenue of $696.05M
Oct 24NewMarket: Promises From Management Could Pump The Stock Price Up
Oct 03There Are Reasons To Feel Uneasy About NewMarket's (NYSE:NEU) Returns On Capital
Sep 13NewMarket (NYSE:NEU) Is Paying Out A Dividend Of $2.10
Aug 08NewMarket GAAP EPS of $6.54, revenue of $723.64M
Aug 02Does NewMarket (NYSE:NEU) Have A Healthy Balance Sheet?
Jul 26Here's What's Concerning About NewMarket's (NYSE:NEU) Returns On Capital
Apr 16These 4 Measures Indicate That NewMarket (NYSE:NEU) Is Using Debt Extensively
Mar 29Financial Position Analysis
Short Term Liabilities: NEU's short term assets ($1.1B) exceed its short term liabilities ($402.0M).
Long Term Liabilities: NEU's short term assets ($1.1B) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: NEU's net debt to equity ratio (73.6%) is considered high.
Reducing Debt: NEU's debt to equity ratio has reduced from 101.7% to 79.5% over the past 5 years.
Debt Coverage: NEU's debt is well covered by operating cash flow (46.6%).
Interest Coverage: NEU's interest payments on its debt are well covered by EBIT (11.4x coverage).