Materion Corporation (MTRN)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 387,576 | 410,876 | 434,388 | 36,542 | 1,260 |
| Total stockholders’ equity | US$ in thousands | 885,053 | 799,990 | 720,440 | 655,630 | 645,743 |
| Debt-to-equity ratio | 0.44 | 0.51 | 0.60 | 0.06 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $387,576K ÷ $885,053K
= 0.44
The debt-to-equity ratio of Materion Corp has been fluctuating over the past five years, ranging from 0.03 in December 2019 to 0.65 in December 2021. The trend indicates that the company has been gradually increasing its leverage from 2019 to 2021 and then reducing it in 2022 and 2023. A debt-to-equity ratio of 0.50 as of December 2023 suggests that the company has $0.50 of debt for every $1.00 of equity, indicating a moderate level of leverage. Overall, the company's debt-to-equity ratio seems to be within a reasonable range, and the recent decrease may indicate a strategic shift towards a more balanced capital structure.