Masco Corporation (MAS)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,945,000 | 2,945,000 | 2,945,000 | 2,945,000 | 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 |
| Total stockholders’ equity | US$ in thousands | -279,000 | -88,000 | -26,000 | -75,000 | -126,000 | -56,000 | -192,000 | -379,000 | -480,000 | -617,000 | -742,000 | -371,000 | -179,000 | -126,000 | -154,000 | -17,000 | 195,000 | 141,000 | -136,000 | -348,000 |
| Debt-to-capital ratio | 1.10 | 1.03 | 1.01 | 1.03 | 1.04 | 1.02 | 1.07 | 1.15 | 1.19 | 1.26 | 1.34 | 1.14 | 1.06 | 1.04 | 1.06 | 1.01 | 0.93 | 0.95 | 1.06 | 1.14 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,945,000K ÷ ($2,945,000K + $-279,000K)
= 1.10
The debt-to-capital ratio of Masco Corporation has shown some fluctuations over the past few years. The ratio has ranged from a low of 0.93 as of December 31, 2020, to a high of 1.34 as of June 30, 2022. This indicates that the company's debt level relative to its total capital has varied during this period.
Overall, the trend in the debt-to-capital ratio shows a slight increase from the end of 2020 to the middle of 2022, followed by a gradual decrease towards the end of 2024. This suggests that Masco Corporation has managed its debt and capital structure with some fluctuations but has generally maintained a moderate level of debt relative to its capital base.
It is important to note that a higher debt-to-capital ratio can indicate increased financial risk, as it implies a larger proportion of debt in the company's capital structure. Conversely, a lower ratio can signal a more conservative approach to financing and potentially lower financial risk.
In conclusion, while Masco Corporation's debt-to-capital ratio has fluctuated over the analyzed period, it appears to be within a manageable range, indicating a balanced approach to capital structure management.
Peer comparison
Dec 31, 2024