Martin Marietta Materials Inc (MLM)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 8,033,200 | 7,802,500 | 7,421,100 | 7,175,000 | 7,170,500 | 6,935,700 | 6,770,000 | 6,428,900 | 6,535,300 | 6,355,900 | 6,125,900 | 5,923,900 | 5,890,700 | 5,756,400 | 5,491,100 | 5,296,900 | 5,350,800 | 5,301,970 | 5,094,850 | 4,972,470 |
| Debt-to-equity ratio | 0.49 | 0.51 | 0.59 | 0.61 | 0.61 | 0.63 | 0.75 | 0.79 | 0.78 | 0.80 | 0.43 | 0.44 | 0.45 | 0.46 | 0.48 | 0.50 | 0.45 | 0.52 | 0.54 | 0.56 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,945,600K ÷ $8,033,200K
= 0.49
The debt-to-equity ratio of Martin Marietta Materials, Inc. has shown a declining trend over the past four quarters. In Q4 2023, the ratio stood at 0.54, which indicates that the company had $0.54 in debt for every dollar of equity. This represents a reduction from the previous quarter, where the ratio was 0.56.
The decreasing trend in the debt-to-equity ratio suggests that Martin Marietta may be reducing its reliance on debt financing and moving towards a more equity-based capital structure. This can be viewed positively by investors and creditors as lower debt levels generally signify lower financial risk and potentially greater financial stability for the company.
Overall, the decreasing trend in the debt-to-equity ratio of Martin Marietta Materials, Inc. over the past four quarters indicates a potential improvement in the company's financial leverage and capital structure.
Peer comparison
Dec 31, 2023