Martin Marietta Materials Inc (MLM)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 18,170,000 | 15,124,900 | 14,993,600 | 14,393,000 | 10,580,800 |
| Total stockholders’ equity | US$ in thousands | 9,453,000 | 8,033,200 | 7,172,800 | 6,537,600 | 5,893,300 |
| Financial leverage ratio | 1.92 | 1.88 | 2.09 | 2.20 | 1.80 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $18,170,000K ÷ $9,453,000K
= 1.92
The financial leverage ratio of Martin Marietta Materials Inc has fluctuated over the past five years. It increased from 1.80 in 2020 to 2.20 in 2021, indicating a higher level of financial leverage. However, there was a slight decrease in 2022 to 2.09, followed by a further decline in 2023 to 1.88. In 2024, the financial leverage ratio increased slightly to 1.92.
Overall, the trend suggests that Martin Marietta Materials Inc increased its financial leverage initially but then made efforts to reduce it in the following years. This indicates a varying degree of reliance on debt to finance its operations and investments over the period analyzed.
Peer comparison
Dec 31, 2024