Matthews International Corporation (MATW)

Debt-to-assets ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	769,614	824,745	837,357	857,423	786,484	772,056	775,202	834,127	795,291	772,673	749,092	831,791	759,086	787,493	778,209	797,805	807,710	837,770	939,753	941,395
Total assets	US$ in thousands	1,834,890	1,861,880	1,890,480	1,903,120	1,887,380	1,884,190	1,897,270	1,902,940	1,882,770	1,904,690	1,952,790	2,053,320	2,032,080	2,075,050	2,063,760	2,087,450	2,072,630	2,084,620	2,191,740	2,284,580
Debt-to-assets ratio		0.42	0.44	0.44	0.45	0.42	0.41	0.41	0.44	0.42	0.41	0.38	0.41	0.37	0.38	0.38	0.38	0.39	0.40	0.43	0.41

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 for Matthews International Corporation has shown fluctuations over the past 20 quarters, ranging from 0.37 to 0.45. As of September 30, 2024, the ratio stood at 0.42, indicating that 42% of the company's total assets were financed by debt.

Overall, the trend in the debt-to-assets ratio appears relatively stable, hovering around the 0.40 mark, with slight variations in the short term. This suggests that the company has maintained a moderate level of leverage in its capital structure over time.

It is important to note that a lower debt-to-assets ratio generally indicates a stronger financial position and lower financial risk for the company, as it implies less dependence on debt funding. Conversely, a higher ratio may signal higher financial risk and dependency on debt financing.

Analysts and investors should continue to monitor Matthews International Corporation's debt levels and how they evolve relative to its total assets to assess the company's financial health and risk profile.