Matson Inc (MATX)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	389,300	427,700	549,700	685,600	910,000
Total assets	US$ in thousands	4,294,600	4,330,000	3,693,100	2,900,600	2,845,400
Debt-to-assets ratio		0.09	0.10	0.15	0.24	0.32

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $389,300K ÷ $4,294,600K
= 0.09

The debt-to-assets ratio for Matson Inc has been decreasing over the past five years, indicating a positive trend in the company's financial leverage and debt management. The ratio was 0.10 as of December 31, 2023, compared to 0.12 in the previous year, and significantly lower than the ratios of 0.17, 0.26, and 0.34 in 2021, 2020, and 2019 respectively.

A decreasing trend in the debt-to-assets ratio suggests that Matson Inc has been reducing its reliance on debt financing and improving its ability to meet its financial obligations using its own assets. This can be beneficial for the company as it indicates a lower level of financial risk and greater stability in its capital structure.

Overall, the decreasing debt-to-assets ratio reflects positively on Matson Inc's financial health and management's efforts in maintaining a solid balance between debt and assets. It indicates a prudent approach towards managing its financial obligations and positions the company well for future growth and sustainability.