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.