MSA Safety (MSA)

Debt-to-capital 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 stockholders’ equity US$ in thousands 966,802 868,726 831,131 769,746 923,741 842,415 838,070 860,907 834,388 824,177 840,419 814,676 839,201 772,465 741,510 712,596 725,800 702,067 685,054 657,361
Debt-to-capital ratio 0.37 0.45 0.49 0.52 0.38 0.42 0.42 0.41 0.42 0.42 0.27 0.29 0.25 0.29 0.30 0.33 0.31 0.33 0.36 0.35

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $575,170K ÷ ($575,170K + $966,802K)
= 0.37

The debt-to-capital ratio for MSA Safety Inc has displayed some variability over the past eight quarters. The ratio has ranged from a low of 0.38 in Q4 2022 and Q4 2023 to a high of 0.53 in Q1 2023. Overall, there appears to be some fluctuation in MSA Safety Inc's leverage levels, which may indicate changes in their capital structure and debt management strategies during the period under review. It is important to monitor this ratio to assess the company's financial risk and ability to meet its debt obligations over time.