Metallus Inc (MTUS)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.08 | 0.30 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $731,600K
= 0.00
Based on the historical trend of Metallus Inc's debt-to-equity ratio, we can observe a consistent decline from 0.30 in 2019 to 0.08 in 2020 and further to 0.00 in 2021, 2022, and 2023. A debt-to-equity ratio of 0.00 indicates that the company has no debt relative to its equity, signaling a strong financial position in terms of leverage. This trend suggests that Metallus Inc has been effectively managing its debt levels and increasing its equity base over the past years. The continuous reduction in the debt-to-equity ratio reflects a lower financial risk and potentially improved solvency for the company. It appears that Metallus Inc has been successful in optimizing its capital structure to support its operations and growth without relying heavily on debt financing.
Peer comparison
Dec 31, 2023