Matson Inc (MATX)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.73 | 1.74 | 1.78 | 1.78 | 1.84 | 1.80 | 1.84 | 1.86 | 1.89 | 1.94 | 1.95 | 2.08 | 2.21 | 2.40 | 2.59 | 2.85 | 3.02 | 3.15 | 3.41 | 3.54 |
Matson Inc's solvency ratios indicate a strong financial position with consistently low debt levels relative to its assets, capital, and equity. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have remained at 0.00 throughout the analyzed period, suggesting the company has not relied heavily on debt to finance its operations and investments.
The financial leverage ratio, which measures a company's total debt relative to its equity, has shown a declining trend over the years. This implies that Matson Inc has been reducing its financial leverage and is becoming less reliant on debt financing. The decreasing financial leverage ratio reflects a stronger equity position and a lower risk of financial distress.
Overall, the solvency ratios of Matson Inc demonstrate a conservative approach to managing its capital structure and highlight the company's ability to meet its financial obligations in the long term.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 80.92 | 62.82 | 45.69 | 45.46 | 43.17 | 45.66 | 50.87 | 68.30 | 88.40 | 102.97 | 104.55 | 84.65 | 60.85 | 41.79 | 30.79 | 20.91 | 15.47 | 11.75 | 9.22 | 8.31 |
Matson Inc's interest coverage ratio has shown a consistent and significant improvement over the years, indicating the company's improved ability to service its interest obligations.
The data reveals a steady increase in the interest coverage ratio from 8.31 as of March 31, 2020, to a peak of 104.55 as of June 30, 2022. This upward trend highlights Matson Inc's ability to generate more than enough operating income to cover its interest expenses comfortably.
However, there was a slight decline in the interest coverage ratio in the subsequent periods, reaching 43.17 as of December 31, 2023. This decrease may indicate potential challenges or changes in the company's financial structure during that time.
Matson Inc's interest coverage ratio rebounded to 80.92 as of December 31, 2024, showcasing its ability to adapt and maintain a strong financial position in the face of fluctuations.
Overall, Matson Inc's interest coverage ratio demonstrates a favorable trend, with occasional variations signaling the need for careful monitoring of the company's financial health and debt management strategies.