Martin Marietta Materials Inc (MLM)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.92 | 1.80 | 1.85 | 1.83 | 1.93 | 1.91 | 2.05 | 2.07 | 2.09 | 2.12 | 2.15 | 2.22 | 2.20 | 2.17 | 1.83 | 1.80 | 1.80 | 1.81 | 1.86 | 1.98 |
Based on the provided data, Martin Marietta Materials Inc has consistently maintained a low debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio of 0.00 over the period from March 31, 2020, to December 31, 2024. This indicates that the company has minimal debt relative to its assets, capital, and equity, which is generally a positive sign of financial health and solvency.
The financial leverage ratio, which reflects the company's level of debt relative to its equity, shows a stable trend over the same period. The ratio decreased from 1.98 on March 31, 2020, to 1.92 on December 31, 2024, indicating that the company's debt relative to equity has slightly decreased over time. A lower financial leverage ratio suggests lower financial risk and a stronger solvency position for the company.
Overall, based on the solvency ratios analyzed, Martin Marietta Materials Inc appears to have a solid financial position with low debt levels and a decreasing trend in its financial leverage ratio, which is a positive indicator for investors and creditors.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 8.42 | 8.68 | 9.06 | 9.41 | 9.89 | 9.22 | 8.10 | 7.22 | 6.42 | 6.26 | 5.98 | 6.37 | 7.23 | 7.95 | 8.73 | 8.51 | 7.95 | 7.42 | 7.30 | 6.97 |
Martin Marietta Materials Inc's interest coverage ratio has shown fluctuations over the past few years. The interest coverage ratio indicates the company's ability to meet its interest obligations on outstanding debt.
From March 31, 2020, to March 31, 2021, the interest coverage ratio improved steadily from 6.97 to 8.51, suggesting the company's earnings were comfortably covering its interest expenses during this period.
However, the ratio dipped to 5.98 on June 30, 2022, indicating a potential decrease in earnings relative to interest expenses. Subsequently, the ratio fluctuated over the next few quarters, showing a mixed performance in meeting interest obligations.
By December 31, 2024, the interest coverage ratio stood at 8.42, which is still relatively healthy. Overall, while there have been fluctuations, the company has generally maintained a satisfactory interest coverage ratio, indicating its ability to manage its debt obligations effectively.