Metallus Inc (MTUS)

Debt-to-capital 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 stockholders’ equity US$ in thousands 739,300 731,600 730,300 711,800 691,400 686,500 735,100 768,900 703,200 664,600 620,600 570,000 513,300 507,500 514,400 527,000 542,100 563,100 650,300 673,700
Debt-to-capital 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 0.08 0.07 0.04 0.10 0.21 0.23 0.22 0.25

March 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $739,300K)
= 0.00

The debt-to-capital ratio of Metallus Inc has been relatively stable at low levels in recent quarters, indicating a conservative capital structure with a lower reliance on debt financing compared to equity. The ratio remained at 0.00 for the first ten quarters in the dataset, highlighting the company's initial preference for equity financing over debt.

However, there was a noticeable uptick in the ratio in the latter quarters, with values increasing from 0.04 in September 2020 to 0.25 in September 2019. This shift suggests that Metallus Inc may have started to utilize more debt to finance its operations and growth initiatives.

While a higher debt-to-capital ratio can indicate increased financial risk due to higher debt obligations, it can also signify leveraging for potential growth opportunities. As such, further analysis of the reasons behind the rise in the ratio during the specified period is recommended to assess the company's overall financial health and risk profile.


Peer comparison

Mar 31, 2024