Matthews International Corporation (MATW)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 769,614 | 786,484 | 795,291 | 759,086 | 807,710 |
| Total assets | US$ in thousands | 1,834,890 | 1,887,380 | 1,882,770 | 2,032,080 | 2,072,630 |
| Debt-to-assets ratio | 0.42 | 0.42 | 0.42 | 0.37 | 0.39 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $769,614K ÷ $1,834,890K
= 0.42
The debt-to-assets ratio of Matthews International Corporation has remained relatively stable over the past five years, ranging between 0.37 and 0.42. This indicates that the company's proportion of debt relative to its total assets has remained consistent overall during this period. A ratio of 0.42 in 2024 suggests that 42% of the company's assets are financed through debt, while the remaining 58% are funded by equity. This level of leverage indicates that the company relies more on equity financing compared to debt financing, which may imply lower financial risk and greater financial stability. It is important to monitor this ratio over time to assess any significant shifts in the company's capital structure and financial risk profile.