Martin Marietta Materials Inc (MLM)
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 | 3,945,600 | 3,944,700 | 4,343,100 | 4,342,000 | 4,340,900 | 4,339,900 | 5,044,300 | 5,102,300 | 5,100,800 | 5,099,400 | 2,627,200 | 2,626,500 | 2,625,800 | 2,625,200 | 2,624,500 | 2,623,900 | 2,433,600 | 2,732,820 | 2,732,020 | 2,801,230 |
| Total assets | US$ in thousands | 15,124,900 | 14,917,800 | 15,246,200 | 14,890,900 | 14,993,600 | 14,729,700 | 14,542,800 | 14,241,500 | 14,393,000 | 13,786,200 | 11,223,100 | 10,659,300 | 10,580,800 | 10,435,400 | 10,226,600 | 10,503,400 | 10,131,600 | 10,223,500 | 10,163,700 | 10,048,400 |
| Debt-to-assets ratio | 0.26 | 0.26 | 0.28 | 0.29 | 0.29 | 0.29 | 0.35 | 0.36 | 0.35 | 0.37 | 0.23 | 0.25 | 0.25 | 0.25 | 0.26 | 0.25 | 0.24 | 0.27 | 0.27 | 0.28 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,945,600K ÷ $15,124,900K
= 0.26
The debt-to-assets ratio of Martin Marietta Materials, Inc. has shown a relatively stable trend over the past eight quarters, ranging between 0.29 to 0.36. This ratio indicates the proportion of the company's assets financed through debt, with lower ratios typically suggesting lower financial risk.
The consistent ratios around 0.29 to 0.36 indicate that Martin Marietta Materials has been able to maintain a healthy balance between debt and assets. However, the slight increase in the ratio from 0.29 in Q4 2023 to 0.36 in Q1 2022 warrants further investigation to understand the factors driving this shift.
Overall, the stable debt-to-assets ratio of Martin Marietta Materials, Inc. suggests that the company has been managing its debt levels prudently while effectively utilizing its assets to generate returns.
Peer comparison
Dec 31, 2023