Masco Corporation (MAS)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,945,000 | 2,946,000 | 2,949,000 | 2,792,000 | 2,771,000 |
| Total assets | US$ in thousands | 5,363,000 | 5,187,000 | 5,575,000 | 5,777,000 | 5,027,000 |
| Debt-to-assets ratio | 0.55 | 0.57 | 0.53 | 0.48 | 0.55 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,945,000K ÷ $5,363,000K
= 0.55
The debt-to-assets ratio for Masco Corp. has fluctuated over the past five years, ranging from 0.48 to 0.61. In 2023, the ratio decreased to 0.55 from 0.61 in 2022, indicating that the company had a lower level of debt relative to its total assets. However, the ratio in 2023 remains higher than in 2021 when it was 0.53. Overall, Masco Corp.'s debt-to-assets ratio has shown some variability in recent years, suggesting changes in the company's leverage and financial risk profile. It is important to continue monitoring this ratio to assess the company's ability to meet its debt obligations and manage its financial position effectively.
Peer comparison
Dec 31, 2023