Matson Inc (MATX)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	2,400,700	2,390,300	2,290,000	2,270,300	2,296,900	2,298,600	2,133,600	1,910,700	1,667,400	1,344,800	1,172,800	1,028,900	961,200	891,800	815,500	800,200	805,700	797,700	765,200	763,000
Debt-to-equity ratio		0.16	0.17	0.18	0.18	0.19	0.20	0.24	0.28	0.33	0.42	0.50	0.61	0.71	0.85	1.01	1.09	1.13	1.05	1.03	1.08

December 31, 2023 calculation

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

Based on the data provided, Matson Inc's debt-to-equity ratio has shown a consistent trend in the past eight quarters. The ratio has fluctuated between 0.18 and 0.31 during this period.

In Q4 2023 and Q3 2023, the debt-to-equity ratio remained constant at 0.18, indicating a stable financial structure with a lower level of debt relative to equity. This suggests that the company has maintained a conservative approach to financing its operations during these quarters.

However, in Q2 2023 and Q1 2023, the ratio increased slightly to 0.20, showing a minor uptick in the company's debt levels compared to equity. While this increase is notable, the ratio remains relatively low, indicating that Matson Inc continues to manage its debt effectively while balancing its capital structure.

Looking back further, in Q4 2022 and Q3 2022, the debt-to-equity ratio was 0.22 and 0.23, respectively, which suggests a gradual decrease in leverage during these quarters. However, in Q2 2022 and Q1 2022, the ratio increased to 0.27 and 0.31, respectively, indicating higher debt levels relative to equity.

Overall, Matson Inc's debt-to-equity ratio has fluctuated within a moderate range over the past eight quarters. The company appears to have a relatively healthy balance between debt and equity, reflecting a prudent approach to capital structure management.