Mesa Laboratories Inc (MLAB)
Debt-to-capital ratio
Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
---|---|---|---|---|---|---|
Long-term debt | US$ in thousands | 171,198 | 170,272 | 169,365 | 145,675 | 140,278 |
Total stockholders’ equity | US$ in thousands | 145,393 | 393,480 | 393,801 | 406,227 | 220,013 |
Debt-to-capital ratio | 0.54 | 0.30 | 0.30 | 0.26 | 0.39 |
March 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $171,198K ÷ ($171,198K + $145,393K)
= 0.54
The debt-to-capital ratio of Mesa Laboratories Inc has shown some fluctuations over the past five years. As of March 31, 2024, the ratio stands at 0.54, indicating that debt accounts for 54% of the company's capital structure. This represents an increase from the previous year, where the ratio was 0.30.
Comparing to the trend over the last five years, the ratio was relatively stable at around 0.30 in 2023 and 2022, while it was slightly lower in 2021 at 0.26. The ratio peaked at 0.39 in 2020 before declining in the subsequent years.
The increasing trend in the debt-to-capital ratio in the current year suggests that Mesa Laboratories Inc may be relying more on debt to finance its operations or expansion activities. Investors and stakeholders may want to further investigate the reasons behind this shift in the company's capital structure and its implications for financial risk and stability.
Peer comparison
Mar 31, 2024