Materion Corporation (MTRN)

Debt-to-equity 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-equity ratio		0.44	0.49	0.49	0.49	0.51	0.62	0.64	0.66	0.60	0.11	0.09	0.08	0.06	0.01	0.00	0.00	0.00	0.00	0.00	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 shown a decreasing trend over the past eight quarters, starting from 0.70 in Q1 2022 to 0.50 in Q4 2023. This indicates that the company has been reducing its reliance on debt financing in comparison to equity financing over this period. A lower debt-to-equity ratio is generally favorable as it signifies lower financial risk and a stronger financial position.

The decreasing trend suggests that Materion Corp has been effectively managing its debt levels or increasing its equity base. It is important to note that a high debt-to-equity ratio may indicate that a company is highly leveraged and may face challenges in meeting its financial obligations, while a low ratio may signal financial stability and the ability to weather economic downturns.

Overall, Materion Corp's decreasing debt-to-equity ratio is a positive indicator of its financial health and prudent management of capital structure. It showcases a potentially lower risk profile and a more sustainable balance between debt and equity financing.