Martin Marietta Materials Inc (MLM)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 18,170,000 | 15,124,900 | 14,993,600 | 14,393,000 | 10,580,800 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $18,170,000K
= 0.00
The debt-to-assets ratio for Martin Marietta Materials Inc has consistently remained at 0.00 over the past five years, based on the data provided from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt financing to fund its operations or investments during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed by equity, and there is no financial risk associated with debt obligations. It reflects a strong financial position with low financial leverage, as the company is not relying on borrowed funds to support its business activities. This stable and low debt-to-assets ratio may indicate conservative financial management and a lower risk of financial distress for Martin Marietta Materials Inc.
Peer comparison
Dec 31, 2024