Matson Inc (MATX)

Debt-to-equity 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-equity ratio		0.16	0.19	0.33	0.71	1.13

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $389,300K ÷ $2,400,700K
= 0.16

The debt-to-equity ratio of Matson Inc has shown a decreasing trend over the past five years, indicating a lower reliance on debt financing relative to shareholders' equity. In particular, the ratio has decreased from 1.19 in 2019 to 0.18 in 2023. This suggests that the company has been reducing its debt levels or increasing its equity base, which can improve financial stability and reduce financial risk. The decreasing trend in the debt-to-equity ratio may signal improved financial health and a stronger balance sheet for Matson Inc.