Metallus Inc (MTUS)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.04 | 0.16 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.07 | 0.23 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.08 | 0.30 |
| Financial leverage ratio | 1.61 | 1.58 | 1.74 | 1.96 | 1.93 |
Based on the solvency ratios of Metallus Inc over the past five years, it is evident that the company has maintained a consistently low level of debt relative to its assets, capital, and equity. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all been at 0.00% for the last three years, indicating that the company has been essentially debt-free during this period.
Moreover, the financial leverage ratio has shown a decreasing trend over the past five years, declining from 1.93 in 2019 to 1.61 in 2023. This suggests that the company has been utilizing less debt to finance its operations and assets, leading to a lower level of financial risk and improved solvency.
Overall, the solvency ratios reflect a strong financial position for Metallus Inc, with minimal reliance on debt to support its operations and investments. The decreasing trend in the financial leverage ratio further indicates an improving financial health and stability for the company.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | 36.70 | 25.90 | 29.50 | -3.82 | -7.03 |
The interest coverage ratio for Metallus Inc has shown improving trends over the past five years. The ratio increased significantly from -7.03 in 2019 to 36.70 in 2023, indicating a substantial improvement in the company's ability to cover its interest payments with operating income. The positive trend in the interest coverage ratio suggests that the company's profitability and operating performance have improved over the years, leading to a stronger capacity to meet its debt obligations. It is worth noting that in 2020, the interest coverage ratio was negative, which raises concerns about the company's ability to cover its interest expenses with its operating income. However, the subsequent years' ratios reflect a significant turnaround in the company's financial health. Overall, the increasing interest coverage ratio is a positive signal of Metallus Inc's improving financial stability and ability to service its debt.