Metallus Inc (MTUS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 731,600 | 686,500 | 664,600 | 507,500 | 563,100 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.07 | 0.23 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $731,600K)
= 0.00
The debt-to-capital ratio of Metallus Inc has been decreasing steadily over the past five years. As of December 31, 2019, the ratio was at 0.23, indicating that 23% of the company's capital was financed through debt. However, there has been a significant reduction in debt relative to capital in the subsequent years, with the ratio declining to 0.07 as of December 31, 2020, and further decreasing to 0.00 in the years 2021, 2022, and 2023.
This downward trend in the debt-to-capital ratio suggests a shift towards a more equity-funded capital structure for Metallus Inc in recent years. A decreasing debt-to-capital ratio can indicate improved financial stability and reduced financial risk for the company, as it relies less on debt financing and more on equity. It may also imply that the company is effectively managing its debt levels and optimizing its capital structure to support sustainable growth and profitability.
Peer comparison
Dec 31, 2023