MSA Safety (MSA)

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	575,170	715,814	787,527	837,114	565,445	597,844	615,778	591,393	597,651	592,742	314,587	340,428	287,157	321,694	314,500	351,592	328,394	352,073	378,380	357,304
Total assets	US$ in thousands	2,170,150	2,194,340	2,199,150	2,179,670	2,376,980	2,387,290	2,408,450	2,415,780	2,396,400	2,259,450	1,963,230	1,942,760	1,919,630	1,792,660	1,752,940	1,730,930	1,781,800	1,699,140	1,713,860	1,671,370
Debt-to-assets ratio		0.27	0.33	0.36	0.38	0.24	0.25	0.26	0.24	0.25	0.26	0.16	0.18	0.15	0.18	0.18	0.20	0.18	0.21	0.22	0.21

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $575,170K ÷ $2,170,150K
= 0.27

The debt-to-assets ratio for MSA Safety Inc has ranged between 0.24 to 0.40 over the last eight quarters. A higher debt-to-assets ratio indicates a higher level of leverage, suggesting that a larger portion of the company's assets is financed through debt.

In this case, the trend shows a slight increase in the debt-to-assets ratio from Q1 2022 to Q1 2023, peaking at 0.40 in Q1 2023. This could suggest that MSA Safety Inc has been increasing its debt levels relative to its total assets during this period.

It is important to consider the industry norms and compare MSA Safety Inc's debt-to-assets ratio with its peers to get a better understanding of its financial position and leverage levels. Additionally, analyzing other financial ratios and the company's overall financial health will provide a more comprehensive view of its ability to meet its financial obligations and manage its debt effectively.