Metallus Inc (MTUS)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	0	0	0	39,300	168,600
Total assets	US$ in thousands	1,175,300	1,082,000	1,158,900	994,000	1,085,200
Debt-to-assets ratio		0.00	0.00	0.00	0.04	0.16

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $1,175,300K
= 0.00

The debt-to-assets ratio for Metallus Inc has shown a decreasing trend over the past five years. From 2019 to 2023, it decreased from 0.16 to 0.00, indicating that the company's reliance on debt to finance its assets has significantly reduced. A debt-to-assets ratio of 0.00 in 2023 suggests that the company has no debt relative to its total assets, which may signify a strong financial position with low financial risk. However, it is essential to consider other financial metrics and qualitative factors to assess the overall financial health and sustainability of Metallus Inc.