Masco Corporation (MAS)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital ratio | 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 | 1.09 | 1.05 | 1.03 | 1.06 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | 14.32 | 19.77 | — | — | — | — | — | — |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | 29.63 | 39.54 | — | — | — | — | — | — |
The solvency ratios of Masco Corp. indicate its ability to meet its long-term financial obligations and the extent to which it relies on debt financing.
The debt-to-assets ratio has been relatively stable around 0.55 to 0.62 over the last eight quarters, suggesting that Masco Corp. finances approximately 55% to 62% of its assets through debt.
The debt-to-capital ratio fluctuated between 1.02 and 1.18 during the same period, indicating that Masco Corp. was using debt to finance around 102% to 118% of its capital structure. Higher ratios may signify higher financial risk due to increased reliance on debt.
Unfortunately, data for the debt-to-equity ratio and financial leverage ratio are unavailable for the periods provided. These ratios could provide further insights into Masco Corp.'s capital structure and financial risk.
Overall, the stability in the debt-to-assets ratio, along with the fluctuating trend in the debt-to-capital ratio, raises considerations about Masco Corp.'s long-term financial health and leverage position. Further analysis of the missing solvency ratios would provide a more complete picture of the company's solvency and financial sustainability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 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 | 8.33 | 6.63 | 7.02 | 7.00 |
The interest coverage ratio for Masco Corp. has shown a decreasing trend over the past four quarters, from 12.19 in Q4 2022 to 11.52 in Q1 2023. This indicates that the company's ability to cover its interest expenses with its earnings has slightly weakened. However, it is important to note that despite the slight decrease, the interest coverage ratio remains above 1, suggesting that Masco Corp. is still generating sufficient operating income to cover its interest obligations. Additionally, the company has maintained a healthy interest coverage ratio well above 10 over the past eight quarters, indicating a strong ability to meet its debt obligations.