Masco Corporation (MAS)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.59 | 0.56 | 0.55 | 0.55 | 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 |
| 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 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 14.32 | 19.77 | — | — |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 29.63 | 39.54 | — | — |
Masco Corporation's solvency ratios indicate its ability to meet its long-term financial obligations.
The Debt-to-assets ratio has fluctuated over the years, ranging between 0.45 to 0.59. This ratio suggests that the company has been able to finance its assets primarily through debt, with a higher ratio indicating a higher level of financial risk due to more reliance on borrowing.
The Debt-to-capital ratio shows a similar trend, with variations from 0.93 to 1.34. This ratio indicates the proportion of debt in the company's capital structure, with a higher ratio implying a higher level of financial leverage and risk.
The Debt-to-equity ratio, however, is mostly missing or stated as 'not available' in the data provided, limiting our ability to assess the company's reliance on debt compared to equity.
The Financial leverage ratio, which also seems to be unavailable for most periods, would have provided insights into the company's overall debt levels and financial risk.
In conclusion, Masco Corporation appears to have maintained varying levels of debt in its capital structure, with the Debt-to-assets and Debt-to-capital ratios showing some fluctuations over time. Further analysis would be needed to understand the company's reliance on debt versus equity and its overall financial leverage position.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 13.44 | 13.01 | 12.92 | 12.57 | 12.19 | 11.29 | 10.65 | 10.85 | 11.48 | 11.92 | 12.50 | 8.83 | 3.23 | 3.43 | 3.45 | 4.43 | 11.37 | 12.55 | 11.49 | 11.17 |
Masco Corporation's interest coverage ratio has shown fluctuations over the past few years based on the provided data. The interest coverage ratio measures the company's ability to meet its interest obligations from its earnings before interest and taxes (EBIT).
From March 2020 to June 2021, Masco Corporation experienced a decline in its interest coverage ratio, indicating a potential decrease in its ability to cover its interest expenses with operating income. This could suggest a higher financial risk during this period.
However, from March 2022 to December 2024, the interest coverage ratio has shown improvement, reaching levels above 10. This indicates a stronger ability to meet interest payments with operating income during these periods.
Overall, Masco Corporation's interest coverage ratio has displayed varying trends, but the recent improvements in the ratio suggest a better financial position with the ability to comfortably cover interest expenses with operating income.