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