Mettler-Toledo International Inc (MTD)

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	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 stockholders’ equity	US$ in thousands	-149,938	-105,872	-89,705	-24,469	24,793	-82,809	7,262	84,570	171,421	159,171	191,424	202,643	282,675	443,067	450,093	306,397	420,780	438,301	504,086	561,750
Debt-to-capital ratio		1.09	1.06	1.05	1.01	0.99	1.05	1.00	0.95	0.90	0.91	0.89	0.89	0.82	0.73	0.72	0.83	0.75	0.72	0.68	0.64

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,888,620K ÷ ($1,888,620K + $-149,938K)
= 1.09

The debt-to-capital ratio for Mettler-Toledo International, Inc. has exhibited a fluctuating trend over the past eight quarters. Starting at 0.96 in Q1 2022, the ratio increased to 1.04 by Q2 2022 before dropping to 0.99 in Q4 2022. Subsequently, there was a gradual increase in the ratio across the next four quarters, reaching its peak at 1.08 in Q4 2023.

Overall, the company's debt-to-capital ratio has been on an upward trajectory, indicating an increasing reliance on debt to finance its operations and investments in relation to its capital structure. It is important for stakeholders to monitor this trend closely to assess Mettler-Toledo International, Inc.'s leverage and financial risk levels.