Matthews International Corporation (MATW)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| Financial leverage ratio | 4.20 | 3.70 | 3.71 | 3.74 | 3.59 | 3.61 | 3.70 | 3.77 | 3.86 | 3.22 | 3.10 | 3.18 | 3.19 | 3.32 | 3.33 | 3.36 | 3.39 | 3.47 | 3.71 | 3.20 |
The solvency ratios of Matthews International Corporation indicate the company's ability to meet its long-term financial obligations and manage its debt levels effectively.
- Debt-to-assets ratio: This ratio has ranged between 0.38 and 0.45 over recent quarters, showing that approximately 38% to 45% of the company's assets are financed by debt. The trend has been relatively stable overall, with a slight increase in the most recent period.
- Debt-to-capital ratio: Matthews International Corporation's debt-to-capital ratio has fluctuated between 0.54 and 0.64, indicating that around 54% to 64% of the company's capital structure is composed of debt. The ratio has shown a slight upward trend in recent quarters.
- Debt-to-equity ratio: The debt-to-equity ratio has varied between 1.19 and 1.76, meaning that the company's debt represents between 119% and 176% of its equity. The ratio has shown fluctuations but generally demonstrates a higher reliance on debt financing.
- Financial leverage ratio: This ratio has ranged between 3.10 and 4.20, indicating the company's financial leverage ranges from 3.10 to 4.20 times its equity. The ratio has shown variability, with higher levels indicating higher financial risk due to increased debt relative to equity.
Overall, Matthews International Corporation's solvency ratios suggest a moderate level of debt in its capital structure, with fluctuations in debt levels over time. The company should continue to monitor and manage its debt levels to ensure financial stability and long-term viability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -0.38 | 1.29 | 1.61 | 1.72 | 1.92 | -0.38 | -0.65 | -1.31 | -2.76 | 0.20 | 0.10 | 0.29 | 1.32 | 1.69 | 1.50 | -1.63 | -2.03 | -4.21 | -3.32 | -0.42 |
Interest coverage ratio measures a company's ability to pay its interest expenses on outstanding debt. A higher ratio indicates a better ability to meet interest obligations. Matthews International Corporation's interest coverage has been fluctuating over the past few quarters, with some quarters showing strong coverage and others indicating challenges in meeting interest payments.
The trend in interest coverage for Matthews International Corporation reflects inconsistency, with some periods showing adequate coverage while others indicating potential difficulties in servicing interest payments. The negative ratios in certain periods suggest that the company's earnings were not sufficient to cover its interest expenses. On the other hand, the positive ratios in some quarters indicate that the company's earnings were able to cover its interest costs.
Overall, it is essential for Matthews International Corporation to maintain a consistent and healthy interest coverage ratio to ensure its financial stability and ability to meet its debt obligations. Further analysis of the company's financial performance and debt structure would provide more insights into its overall financial health.