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.
Peer comparison
Mar 31, 2024