Mativ Holdings Inc. (MATV)

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	1,101,800	1,704,000	1,712,900	1,697,900	1,656,400	—	—	—	1,264,800	—	—	615,200	590,500	630,200	666,400	752,800	540,800	559,700	604,700	617,200
Total assets	US$ in thousands	2,642,400	3,117,800	3,648,900	3,674,800	3,669,200	3,712,700	2,395,300	2,441,900	2,420,300	2,419,800	2,423,300	1,587,500	1,584,900	1,590,600	1,578,100	1,655,200	1,471,700	1,450,200	1,489,400	1,485,700
Debt-to-assets ratio		0.42	0.55	0.47	0.46	0.45	0.00	0.00	0.00	0.52	0.00	0.00	0.39	0.37	0.40	0.42	0.45	0.37	0.39	0.41	0.42

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,101,800K ÷ $2,642,400K
= 0.42

The debt-to-assets ratio for Mativ Holdings Inc has shown some fluctuation over the past eight quarters. The ratio ranged from a low of 0.43 in Q4 2023 to a high of 0.56 in Q3 2023. Generally, the trend indicates that the company's level of debt in relation to its total assets has been relatively stable, with moderate variations around the 0.48 to 0.52 range in the earlier quarters. Despite some minor fluctuations, the company has maintained a relatively consistent level of debt financing relative to its total assets during the period under review.

Peer comparison

Dec 31, 2023

Company name

Symbol

Debt-to-assets ratio

Mativ Holdings Inc.

MATV

0.42