Mattel Inc (MAT)

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	2,329,990	2,328,900	2,327,810	2,326,730	2,325,640	2,324,460	2,323,300	2,322,150	2,570,990	2,569,840	2,839,120	2,837,730	2,854,660	2,852,750	2,850,840	2,848,920	2,846,750	2,856,770	2,855,190	2,853,450
Total assets	US$ in thousands	6,435,820	6,244,550	5,897,840	5,831,740	6,177,660	6,468,180	6,167,730	6,147,370	6,393,890	6,263,040	5,241,060	5,118,950	5,534,890	5,613,490	4,998,700	4,804,350	5,325,230	5,527,580	5,046,630	5,082,370
Debt-to-assets ratio		0.36	0.37	0.39	0.40	0.38	0.36	0.38	0.38	0.40	0.41	0.54	0.55	0.52	0.51	0.57	0.59	0.53	0.52	0.57	0.56

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 fluctuations over the past few years, ranging from 0.36 to 0.59. A decreasing trend was observed from 2019 to 2022, with the ratio fluctuating between 0.36 and 0.40 during this period. However, in 2023, there was a notable increase in the ratio, reaching 0.59 in March, showing a significant increase in debt relative to assets.

A debt-to-assets ratio of 0.59 indicates that Mattel Inc's debt level is relatively high compared to its assets, implying a higher reliance on debt financing to fund its operations and investments. Investors and creditors may view this higher ratio as a potential risk factor, as it suggests increased financial leverage and potential difficulties in debt repayment.

It will be important for Mattel Inc to closely monitor its debt levels and implement sound financial management strategies to maintain a healthy balance between debt and assets to ensure long-term financial stability and sustainability.