Materion Corporation (MTRN)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 407,734 | 387,576 | 410,876 | 434,388 | 36,542 |
| Total stockholders’ equity | US$ in thousands | 868,881 | 885,053 | 799,990 | 720,440 | 655,630 |
| Debt-to-capital ratio | 0.32 | 0.30 | 0.34 | 0.38 | 0.05 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $407,734K ÷ ($407,734K + $868,881K)
= 0.32
The debt-to-capital ratio of Materion Corporation has shown a significant increase from 0.05 as of December 31, 2020, to 0.38 as of December 31, 2021. This suggests a higher proportion of debt in relation to total capital employed in the business. Subsequently, the ratio decreased to 0.34 as of December 31, 2022, 0.30 as of December 31, 2023, and then increased slightly to 0.32 as of December 31, 2024. Overall, the trend indicates fluctuations in the company's leverage position over the years, with periods of both increase and decrease in debt usage relative to total capital.