Martin Marietta Materials Inc (MLM)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 9,453,000 | 8,033,200 | 7,172,800 | 6,537,600 | 5,893,300 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $9,453,000K)
= 0.00
The debt-to-capital ratio of Martin Marietta Materials Inc has been consistently at 0.00 over the past five years, including as of December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure, which suggests that Martin Marietta Materials Inc relies more on equity financing rather than debt financing. This could indicate a strong financial position and lower financial risk, as the company is not burdened by significant debt obligations. However, it's important to note that a very low debt-to-capital ratio may also imply limited access to the tax benefits associated with debt financing and potential missed opportunities for leveraging debt for growth or investment purposes. Overall, Martin Marietta Materials Inc's consistent 0.00 debt-to-capital ratio reflects a conservative capital structure with no significant debt component.
Peer comparison
Dec 31, 2024