MasterBrand Inc. (MBC)
Debt-to-capital ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | 690,200 | 699,300 | 788,300 |
| Total stockholders’ equity | US$ in thousands | 1,193,800 | 1,156,500 | 1,107,600 |
| Debt-to-capital ratio | 0.37 | 0.38 | 0.42 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $690,200K ÷ ($690,200K + $1,193,800K)
= 0.37
The debt-to-capital ratio of MasterBrand Inc. has been fluctuating over the past three quarters. As of December 31, 2023, the ratio stood at 0.37, indicating that 37% of the company's capital is financed by debt. Compared to the previous quarter, the ratio decreased slightly from 0.38 in September 30, 2023. However, when compared to the ratio of 0.42 in June 30, 2023, there has been an overall improvement in the company's debt-to-capital position. This trend suggests that MasterBrand Inc. has been managing its debt levels relative to its capital structure, potentially reducing financial risk and enhancing its overall financial health.
Peer comparison
Dec 31, 2023