Materion Corporation (MTRN)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	885,053	871,968	847,123	821,994	799,990	766,677	749,154	730,964	720,440	697,428	681,701	661,336	655,630	644,172	638,356	630,769	645,743	597,796	594,785	566,877
Debt-to-capital ratio		0.30	0.33	0.33	0.33	0.34	0.38	0.39	0.40	0.38	0.10	0.08	0.07	0.05	0.01	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $387,576K ÷ ($387,576K + $885,053K)
= 0.30

The debt-to-capital ratio of Materion Corp has been relatively stable over the past eight quarters, ranging from 0.33 to 0.41. This ratio indicates the proportion of a company's capital that is funded by debt. A lower ratio suggests lower financial risk and less reliance on debt financing, while a higher ratio indicates higher financial leverage and potential risk.

Materion Corp's debt-to-capital ratio has shown a slight decreasing trend from 0.36 in Q4 2022 to 0.33 in Q4 2023, which may indicate the company's efforts to reduce its reliance on debt to fund its operations. However, the ratio has fluctuated within a narrow range of 0.33 to 0.41 over this period, suggesting a relatively stable capital structure.

Overall, Materion Corp's debt-to-capital ratio indicates a moderate level of debt financing in its capital structure, with room for potential adjustments to further optimize its financial position and risk profile. Monitoring this ratio over time can provide insights into the company's financial health and management of debt obligations.