Mettler-Toledo International Inc (MTD)

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	1,888,620	1,929,400	2,045,460	2,015,780	1,908,480	1,825,250	1,821,460	1,766,830	1,580,810	1,639,580	1,602,000	1,561,050	1,284,170	1,169,140	1,146,590	1,513,020	1,235,350	1,124,280	1,087,870	1,008,480
Total assets	US$ in thousands	3,355,560	3,288,730	3,370,400	3,409,910	3,492,400	3,294,460	3,336,430	3,356,180	3,326,800	3,207,160	3,142,900	3,028,370	2,814,550	2,766,540	2,679,650	2,885,780	2,789,320	2,635,870	2,660,860	2,636,700
Debt-to-assets ratio		0.56	0.59	0.61	0.59	0.55	0.55	0.55	0.53	0.48	0.51	0.51	0.52	0.46	0.42	0.43	0.52	0.44	0.43	0.41	0.38

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,888,620K ÷ $3,355,560K
= 0.56

The debt-to-assets ratio for Mettler-Toledo International, Inc. has shown a gradual increase over the past eight quarters, starting at 0.56 in Q1 2022 and peaking at 0.64 in Q3 2023. This indicates that the company has been relying more on debt financing relative to its total assets during this period.

A higher debt-to-assets ratio suggests that a larger portion of the company's assets are financed by debt rather than equity. While a moderate level of debt can be beneficial for leveraging growth opportunities, too high a ratio may indicate increased financial risk and potential difficulties in meeting debt obligations.

In the case of Mettler-Toledo International, Inc., the fluctuation in the debt-to-assets ratio could be due to various factors such as strategic decisions to fund expansion, acquisitions, or capital expenditures through borrowing. It is important for investors and stakeholders to monitor this ratio alongside other financial metrics to assess the company's overall financial health and risk profile.