Materion Corporation (MTRN)

Solvency ratios

	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
Debt-to-assets ratio	0.24	0.25	0.25	0.24	0.22	0.24	0.24	0.24	0.24	0.28	0.28	0.29	0.27	0.07	0.05	0.05	0.03	0.01	0.00	0.00
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
Debt-to-equity ratio	0.47	0.49	0.49	0.48	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
Financial leverage ratio	1.95	1.99	1.99	2.03	1.99	2.01	2.05	2.09	2.12	2.22	2.27	2.28	2.23	1.70	1.67	1.66	1.61	1.68	1.63	1.34

Materion Corporation's solvency ratios indicate its ability to meet its long-term financial obligations. The Debt-to-assets ratio has shown a gradual increase over the years, from 0.00 in March 2020 to 0.24 in December 2024. This suggests that the company's level of debt relative to its total assets has been on the rise.

Similarly, the Debt-to-capital ratio has also exhibited an upward trend, climbing from 0.00 in March 2020 to 0.32 in December 2024. This indicates that Materion's reliance on debt as a source of capital has been increasing steadily.

The Debt-to-equity ratio, reflecting the proportion of debt to equity financing, has followed a similar pattern, rising from 0.00 in March 2020 to 0.47 in December 2024. This signifies a growing debt burden relative to the equity held by the company's shareholders.

The Financial leverage ratio, which measures the extent to which a company is using debt to finance its assets, has also shown a consistent increase, reaching 1.95 in December 2024 from 1.34 in March 2020. This suggests that Materion has been relying more on debt to fund its operations and investments over time.

Overall, the increasing trend in these solvency ratios indicates a potential higher financial risk for Materion Corporation due to its growing debt levels relative to assets, capital, and equity. It is essential for the company to carefully monitor and manage its debt levels to ensure long-term financial stability and sustainability.

Coverage ratios

	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
Interest coverage	1.25	8.33	5.72	4.39	3.95	4.64	4.69	5.08	5.17	5.49	7.00	8.72	12.88	15.88	10.01	6.77	2.26	4.95	8.54	16.74

Interest coverage ratio measures a company's ability to pay interest expenses on its outstanding debt obligations. A higher interest coverage ratio indicates a stronger ability to meet interest payments.

Analyzing Materion Corporation's interest coverage ratio from March 31, 2020, to December 31, 2024, demonstrates fluctuations over this period. The interest coverage ratio started at a strong 16.74 on March 31, 2020, indicating substantial earnings available to cover interest payments. This ratio then decreased steadily, reaching a low of 1.25 on December 31, 2024, indicating a potential challenge in meeting interest obligations.

The trend in Materion Corporation's interest coverage ratio from 2020 to 2024 reveals some fluctuations, with the ratio experiencing both increases and decreases. The company's ability to cover interest payments improved from 2020 to 2021, with the ratio peaking at 15.88 on September 30, 2021. However, it then declined consistently, ending at a low point at the end of 2024.

Overall, Materion Corporation's interest coverage ratio exhibited volatility over the period, indicating potential changes in its ability to service its debt. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's financial health and debt repayment capability.