Matson Inc (MATX)

Debt-to-capital 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 stockholders’ equity US$ in thousands 2,400,700 2,296,900 1,667,400 961,200 805,700
Debt-to-capital ratio 0.14 0.16 0.25 0.42 0.53

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $389,300K ÷ ($389,300K + $2,400,700K)
= 0.14

The debt-to-capital ratio of Matson Inc has shown a declining trend over the past five years, indicating an improving financial position in terms of leverage. In 2023, the ratio stood at 0.15, which is the lowest level compared to the previous four years. This suggests that Matson Inc relies less on debt financing and has a stronger capital base to support its operations. The decreasing trend in the debt-to-capital ratio may be a positive signal to investors and creditors, as it signifies reduced financial risk and potentially better solvency for the company. It is essential for Matson Inc to continue managing its debt levels prudently to maintain a healthy balance between debt and capital in the future.


Peer comparison

Dec 31, 2023