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.