Metallus, Inc (MTUS)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.62 | 1.61 | 1.58 | 1.74 | 1.96 |
Metallus, Inc has consistently shown a strong solvency position as indicated by its solvency ratios over the years. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00 from 2020 to 2024, reflecting a debt-free capital structure and indicating that the company's assets are primarily financed by equity.
The Financial leverage ratio, which measures the company's reliance on debt financing, decreased from 1.96 in 2020 to 1.62 in 2024. This decline suggests that Metallus, Inc has been reducing its financial leverage over the years, potentially strengthening its financial position by relying more on equity financing rather than debt.
Overall, the consistent low values of the debt-related ratios and the decreasing trend in the Financial leverage ratio indicate that Metallus, Inc has a sound solvency position and is effectively managing its debt levels to maintain a healthy financial structure.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 2.84 | 35.70 | 25.05 | 29.45 | -3.85 |
The interest coverage ratio for Metallus, Inc has experienced significant fluctuations over the years, indicating varying degrees of ability to cover interest expenses with operating income.
In December 31, 2020, the interest coverage ratio was negative at -3.85, indicating that the company's operating income was insufficient to cover its interest expenses, raising concerns about its financial health and ability to meet debt obligations.
However, the situation improved dramatically in December 31, 2021, with the interest coverage ratio soaring to 29.45, signifying a substantial increase in the company's ability to meet interest payments from its operating earnings. This robust ratio suggests a healthier financial position and reduced risk of default on debt obligations.
The trend continued in subsequent years, with the interest coverage ratios for December 31, 2022 and December 31, 2023 recording strong values of 25.05 and 35.70 respectively. These high ratios indicate that Metallus, Inc was comfortably able to cover its interest expenses through its operational income, reflecting improved financial stability and lower financial risk.
However, there appears to have been a significant drop in the interest coverage ratio for December 31, 2024, declining to 2.84. This decrease may raise concerns about the company's ability to service its interest payments with its operating earnings, potentially indicating a higher risk of default on debt obligations.
In conclusion, while Metallus, Inc has shown significant fluctuations in its interest coverage ratios over the years, the company's ability to cover interest expenses with operating income has generally improved, except for a noticeable decline in the most recent period. It would be advisable for stakeholders to keep a close watch on this metric to assess the company's financial health and debt repayment capabilities.