Mettler-Toledo International Inc (MTD)

Debt-to-equity 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-equity ratio		—	—	—	—	76.98	—	250.82	20.89	9.22	10.30	8.37	7.70	4.54	2.64	2.55	4.94	2.94	2.57	2.16	1.80

December 31, 2023 calculation

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

The trend of Mettler-Toledo International, Inc.'s debt-to-equity ratio shows fluctuations over the past eight quarters. In Q1 2022, the ratio was notably low at 22.14, indicating a conservative level of debt relative to equity. However, this ratio spiked significantly in Q2 2022 to 265.50, suggesting a substantial increase in debt compared to equity, which may raise concerns about the company's leverage and financial risk.

Unfortunately, the data for the intervening quarters Q3 2022 to Q1 2023 is not available, making it challenging to assess how the ratio evolved during that period. Notably, the Q4 2022 ratio of 81.25 indicates a relatively high level of debt compared to equity, although it is lower than the peak seen in Q2 2022. The absence of data for the most recent quarters further complicates the ability to provide a more comprehensive analysis of the company's debt-to-equity ratio trend and its implications for its financial health.