Mattel Inc (MAT)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,329,990 | 2,325,640 | 2,570,990 | 2,854,660 | 2,846,750 |
| Total assets | US$ in thousands | 6,435,820 | 6,177,660 | 6,393,890 | 5,534,890 | 5,325,230 |
| Debt-to-assets ratio | 0.36 | 0.38 | 0.40 | 0.52 | 0.53 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,329,990K ÷ $6,435,820K
= 0.36
The debt-to-assets ratio of Mattel Inc has shown a declining trend over the past five years, indicating improvements in the company's ability to manage its debt relative to its total assets. In 2023, the ratio stands at 0.36, which means that for every dollar of assets, the company has $0.36 in debt. This suggests that Mattel relies less on debt financing to support its operations and investments, which could reduce financial risk and improve its overall financial stability. Overall, the decreasing trend in the debt-to-assets ratio reflects the company's efforts to strengthen its balance sheet and manage its debt levels effectively.