MasterBrand Inc. (MBC)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | 690,200 | 699,300 | 788,300 |
| Total assets | US$ in thousands | 2,381,700 | 2,378,300 | 2,424,000 |
| Debt-to-assets ratio | 0.29 | 0.29 | 0.33 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $690,200K ÷ $2,381,700K
= 0.29
Based on the provided data, the debt-to-assets ratio of MasterBrand Inc. remained relatively stable over the three most recent quarters. The ratio stood at 0.29 as of December 31, 2023, consistent with the ratio reported in the previous quarter and indicating that 29% of the company's assets were financed through debt. However, there was a slight increase in the ratio to 0.33 as of June 30, 2023, which suggests that 33% of the assets were financed by debt during that period.
Overall, with a debt-to-assets ratio hovering around 0.29 to 0.33, MasterBrand Inc. appears to have a conservative level of leverage, implying that a significant portion of its assets is funded through equity rather than debt. This demonstrates a relatively stable and balanced financial structure, which may indicate a lower financial risk for the company compared to a higher debt-financed business model.
Peer comparison
Dec 31, 2023