Matthews International Corporation (MATW)

Debt-to-equity 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-equity ratio		1.76	1.64	1.64	1.69	1.50	1.48	1.51	1.65	1.63	1.31	1.19	1.29	1.19	1.26	1.26	1.28	1.32	1.39	1.59	1.32

September 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $769,614K ÷ $437,158K
= 1.76

The debt-to-equity ratio of Matthews International Corporation has shown fluctuations over the past few years. The ratio increased from 1.32 in December 2019 to a peak of 1.76 in September 2024, indicating a higher reliance on debt compared to equity in funding the company's operations and growth. However, the ratio has also experienced periods of decrease, such as in the first quarter of 2022 when it dropped to 1.19.

Overall, the trend suggests that the company has been gradually increasing its leverage over the years, with some fluctuations along the way. A higher debt-to-equity ratio may indicate increased financial risk, as higher debt levels can lead to higher interest payments and potential solvency issues in the future. It would be important for stakeholders to monitor this ratio closely to assess the company's ability to manage its debt levels effectively.