Matson Inc (MATX)

Debt-to-assets ratio

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	389,300	398,700	408,500	417,900	427,700	461,300	517,900	535,700	549,700	567,500	581,500	624,300	685,600	754,500	823,500	871,500	910,000	834,600	791,000	822,900
Total assets	US$ in thousands	4,294,600	4,292,800	4,218,100	4,227,300	4,330,000	4,459,000	4,158,600	3,977,500	3,693,100	3,222,800	3,036,200	2,929,700	2,900,600	2,806,700	2,777,600	2,835,900	2,845,400	2,753,800	2,657,500	2,676,800
Debt-to-assets ratio		0.09	0.09	0.10	0.10	0.10	0.10	0.12	0.13	0.15	0.18	0.19	0.21	0.24	0.27	0.30	0.31	0.32	0.30	0.30	0.31

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 of Matson Inc has been relatively stable over the past eight quarters, ranging between 0.10 and 0.15. This ratio indicates that Matson Inc finances a small portion of its assets through debt compared to its equity. A lower debt-to-assets ratio suggests that the company relies more on equity to fund its operations and investments, which can be seen as a positive sign of financial stability and lower risk.

Despite a slight increase from 0.10 to 0.15 from Q1 2022 to Q1 2023, the ratio remains at a moderate level, indicating that Matson Inc has a conservative approach to debt management. This reflects positively on the company's ability to meet its debt obligations and indicates a lower financial risk compared to companies with higher debt levels. It is important for investors and stakeholders to continue monitoring this ratio to ensure that Matson Inc maintains a healthy balance between debt and assets in its capital structure.