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 18Recent updates
Take Care Before Diving Into The Deep End On NewMarket Corporation (NYSE:NEU)
Dec 12Do 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 31NewMarket Corporation: Showing Why It's A Winner
Sep 07NewMarket declares $2.10 dividend
Feb 23NewMarket GAAP EPS of $9.26, revenue of $682.56M
Jan 31NewMarket GAAP EPS of $6.32, revenue of $696.05M
Oct 24NewMarket: Promises From Management Could Pump The Stock Price Up
Oct 03NewMarket GAAP EPS of $6.54, revenue of $723.64M
Aug 02Financial 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).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 05:44 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
NewMarket Corporation is covered by 9 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Dmitry Silversteyn | Buckingham Research Group Inc. |
| Laymon Vencil | CRT Capital Group |