Matthews International Corporation (MATW)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	437,158	503,645	509,300	508,762	525,668	522,221	512,693	505,245	487,352	590,872	629,190	644,820	636,548	625,748	619,046	621,464	610,807	601,107	590,147	714,420
Debt-to-capital ratio		0.64	0.62	0.62	0.63	0.60	0.60	0.60	0.62	0.62	0.57	0.54	0.56	0.54	0.56	0.56	0.56	0.57	0.58	0.61	0.57

September 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $769,614K ÷ ($769,614K + $437,158K)
= 0.64

The debt-to-capital ratio of Matthews International Corporation has shown fluctuations over the past several quarters. The ratio has ranged from 0.54 to 0.64, indicating that the company has maintained a moderate to high level of debt relative to its total capital during this period. The trend suggests some variability in the company's capital structure, with a slight increase in the ratio in recent quarters. It is important to monitor this ratio closely as changes may indicate shifts in the company's leverage and financial risk.