Mercer International Inc (MERC)

Debt-to-assets 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	1,609,420	1,589,780	1,403,860	1,378,530	1,346,510	1,339,090	1,245,910	1,264,520	1,237,540	1,162,380	1,157,870	1,197,790	1,186,620	1,124,200	1,114,070	1,136,450	1,087,930	984,087	983,644	1,007,770
Total assets	US$ in thousands	2,662,580	2,655,000	2,633,370	2,740,480	2,725,040	2,543,980	2,415,720	2,456,940	2,351,230	2,231,750	2,214,700	2,178,270	2,129,130	2,044,740	1,973,610	1,951,990	2,065,720	1,949,650	2,029,780	2,013,400
Debt-to-assets ratio		0.60	0.60	0.53	0.50	0.49	0.53	0.52	0.51	0.53	0.52	0.52	0.55	0.56	0.55	0.56	0.58	0.53	0.50	0.48	0.50

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,609,420K ÷ $2,662,580K
= 0.60

The debt-to-assets ratio of Mercer International Inc. has shown a varying trend over the past eight quarters. In Q1 2022, the ratio stood at 0.52 and remained relatively stable in Q2 and Q3 2022 at 0.52 and 0.53, respectively. However, there was a slight decrease to 0.50 in Q4 2022.

Subsequently, the ratio started to increase, reaching 0.51 in Q1 2023 and further increasing to 0.54 in Q2 2023. By Q3 2023, the ratio had slightly decreased to 0.60 before rising again to 0.61 in Q4 2023.

These fluctuations in the debt-to-assets ratio indicate that Mercer International Inc.'s level of debt in relation to its total assets has been somewhat volatile. It is essential to monitor this ratio closely as excessive debt relative to assets can increase financial risk for the company, impacting its financial stability and ability to meet its obligations.