Mativ Holdings Inc. (MATV)
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 | 1,101,800 | 1,656,400 | 1,264,800 | 590,500 | 540,800 |
| Total assets | US$ in thousands | 2,642,400 | 3,669,200 | 2,420,300 | 1,584,900 | 1,471,700 |
| Debt-to-assets ratio | 0.42 | 0.45 | 0.52 | 0.37 | 0.37 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,101,800K ÷ $2,642,400K
= 0.42
The trend analysis of Mativ Holdings Inc's debt-to-assets ratio over the past five years indicates a fluctuating pattern. The ratio decreased from 0.52 in 2021 to 0.37 in both 2020 and 2019, reflecting a potential reduction in the company's reliance on debt to finance its assets during those years. However, in 2022, the ratio increased to 0.47 before dipping slightly to 0.43 in 2023.
A debt-to-assets ratio of 0.43 in 2023 suggests that approximately 43% of Mativ Holdings Inc's total assets are financed by debt, indicating a moderate level of leverage. The company appears to have maintained a relatively stable level of debt relative to its asset base over the past year, although the ratio remains higher compared to the 2020 and 2019 levels.
Further analysis and comparison with industry peers and sector benchmarks would be necessary to assess the company's debt management strategy comprehensively and evaluate its financial risk profile.
Peer comparison
Dec 31, 2023