Mettler-Toledo International Inc (MTD)

Debt-to-equity ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	1,888,620	1,908,480	1,580,810	1,284,170	1,235,350
Total stockholders’ equity	US$ in thousands	-149,938	24,793	171,421	282,675	420,780
Debt-to-equity ratio		—	76.98	9.22	4.54	2.94

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,888,620K ÷ $-149,938K
= —

The debt-to-equity ratio of Mettler-Toledo International, Inc. has shown a fluctuating trend over the past five years. In 2019, the ratio stood at 3.07, indicating that the company had $3.07 in debt for every $1 of equity. This suggests a moderate level of leverage at that time.

Subsequently, the ratio experienced a significant increase to 4.72 in 2020, reflecting an increase in the company's debt relative to its equity. This could indicate a higher reliance on debt financing during that period.

In 2021, there was a substantial jump in the debt-to-equity ratio to 9.81, signaling a notable increase in the company's debt compared to its equity. This sharp rise may raise concerns about the company's financial risk and its ability to service its debt obligations.

However, in 2022, the ratio surged to 81.25, indicating a substantial spike in the level of debt relative to equity. Such a high debt-to-equity ratio could suggest significant financial leverage and potential risks associated with high debt levels.

The absence of data for 2023 makes it difficult to provide a detailed analysis for that year. Nevertheless, the overall trend in the debt-to-equity ratio for Mettler-Toledo International, Inc. highlights fluctuations in the company's capital structure over the past five years, with periods of both moderate and elevated leverage levels. Further assessment would be necessary to understand the reasons behind these changes and their implications for the company's financial health and risk profile.