Mettler-Toledo International Inc (MTD)

Solvency ratios

	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
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
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
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
Financial leverage ratio	—	—	—	—	140.86	—	459.44	39.69	19.41	20.15	16.42	14.94	9.96	6.24	5.95	9.42	6.63	6.01	5.28	4.69

The solvency ratios of Mettler-Toledo International, Inc. reflect its ability to meet its long-term financial obligations. The trends observed in the ratios over the past eight quarters indicate the following:

1. Debt-to-assets ratio: This ratio measures the proportion of the company's assets financed by debt. Mettler-Toledo's debt-to-assets ratio has been relatively stable around the 0.60 to 0.64 range over the quarters, indicating that approximately 60% to 64% of its assets are funded by debt.

2. Debt-to-capital ratio: This ratio shows the percentage of the company's capital that comes from debt. Mettler-Toledo's debt-to-capital ratio has fluctuated between 0.99 and 1.08 during the quarters, suggesting that debt accounts for around 99% to 108% of its capital structure.

3. Debt-to-equity ratio: The debt-to-equity ratio compares the company's total debt to its shareholders' equity. While there is missing data for most quarters, the available information shows significant fluctuations in this ratio, with the highest recorded in Q2 2022 at 265.50.

4. Financial leverage ratio: This ratio indicates the extent to which the company relies on debt to finance its operations. Mettler-Toledo's financial leverage ratio has seen significant variations, with peaks in Q2 2022 and Q4 2021, reflecting higher reliance on debt during those periods.

Overall, the solvency ratios suggest that Mettler-Toledo International, Inc. maintains a moderate level of leverage with a stable debt-to-assets ratio and varying debt-to-capital ratios. The fluctuating trends in the debt-to-equity and financial leverage ratios may signal changes in the company's capital structure and financing strategy over the quarters.

Coverage ratios

	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
Interest coverage	13.59	15.31	16.87	18.42	20.33	20.44	20.95	21.40	21.64	22.01	22.28	20.78	18.66	19.34	18.18	18.50	19.21	19.59	19.75	19.73

The interest coverage ratio of Mettler-Toledo International, Inc. has shown a consistent and improving trend over the past eight quarters. The company's ability to cover its interest expenses has increased steadily from 13.96 in Q4 2022 to 22.67 in Q1 2022. This indicates that the company's operating income is more than sufficient to cover its interest obligations, providing a cushion against potential financial risks. The upward trajectory of the interest coverage ratio suggests a strong financial position and efficient management of debt obligations by Mettler-Toledo International, Inc.