Metallus Inc (MTUS)

Debt-to-assets ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
Long-term debt US$ in thousands 0 0 0 0 0 0 0 0 0 0 — — 44,700 39,300 20,000 60,000 139,800 168,600 187,400 221,300
Total assets US$ in thousands 1,165,800 1,175,300 1,153,800 1,148,500 1,135,300 1,082,000 1,122,300 1,217,300 1,186,000 1,158,900 1,116,400 1,063,100 1,048,100 994,000 983,700 1,003,700 1,070,000 1,085,200 1,107,300 1,179,600
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.04 0.02 0.06 0.13 0.16 0.17 0.19

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $1,165,800K
= 0.00

The debt-to-assets ratio of Metallus Inc has shown fluctuations over the past 20 quarters, ranging from 0.00 to 0.19. Initially, from Q2 2019 to Q1 2021, the ratio remained consistently low, indicating that the company had minimal debt relative to its total assets during this period. However, there was a notable increase in the ratio starting from Q2 2021, reaching a peak of 0.19 by Q2 2023.

This increase suggests that Metallus Inc may have taken on more debt in relation to its total assets, which could potentially indicate a shift in the company's financing strategy or an increase in its financial leverage. The rise in the ratio could also imply a higher level of risk associated with the company's capital structure.

It is essential for investors and stakeholders to monitor this metric closely in future quarters to assess the impact of the company's debt levels on its overall financial health and risk profile. A higher debt-to-assets ratio may indicate increased financial risk and potential challenges in meeting debt obligations, while a lower ratio typically signifies a more conservative and stable financial position.