Materion Corporation (MTRN)

Debt-to-capital ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	407,734	457,756	445,990	428,710	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
Total stockholders’ equity	US$ in thousands	868,881	931,895	907,085	889,923	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
Debt-to-capital ratio		0.32	0.33	0.33	0.33	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

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 been relatively stable in recent periods, starting at 0.00 in March 31, 2020, and remaining at low levels until December 31, 2020. From that point on, the ratio began to increase, reaching 0.40 by March 31, 2022, representing a significant rise in the company's debt relative to its capital.

Subsequently, the debt-to-capital ratio fluctuated between 0.30 and 0.40 until June 30, 2024, indicating a moderate level of indebtedness compared to the total capital structure. Overall, the trend suggests that Materion Corporation has gradually increased its leverage over time, implying a higher reliance on debt financing to support its operations and growth initiatives. Management should continue to monitor and manage this ratio effectively to ensure the company's financial health and stability.