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