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.