Materion Corporation (MTRN)

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	387,576	425,428	412,733	405,482	410,876	474,280	481,965	479,821	434,388	79,036	58,838	51,407	36,542	6,374	0	1,126	1,260	1,467	1,669	1,869
Total assets	US$ in thousands	1,762,730	1,748,600	1,737,710	1,717,980	1,691,980	1,702,320	1,703,110	1,666,910	1,607,480	1,182,660	1,141,500	1,098,270	1,057,860	1,084,810	1,041,220	846,076	898,430	839,839	836,846	824,762
Debt-to-assets ratio		0.22	0.24	0.24	0.24	0.24	0.28	0.28	0.29	0.27	0.07	0.05	0.05	0.03	0.01	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $387,576K ÷ $1,762,730K
= 0.22

The debt-to-assets ratio of Materion Corp has shown a fluctuating trend over the past eight quarters. The ratio ranged from 0.25 to 0.31 during this period. It decreased to 0.25 in Q4 2023, the lowest level in the given data. However, it slightly increased to 0.27 in Q3 2023 before settling at 0.26 in Q2 and Q1 2023.

The ratio had remained stable at 0.26 in the first three quarters of 2022 before experiencing a slight increase to 0.30 in Q4 2022 and then maintaining this level in Q3 2022. It remained at 0.30 in Q2 2022 before increasing to 0.31 in Q1 2022, the highest point in the period analyzed.

Overall, Materion Corp's debt-to-assets ratio has shown some variability but has mostly remained below 0.30, indicating that a significant portion of the company's assets are financed by equity rather than debt.