Metallus Inc (MTUS)
Debt-to-equity 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-equity 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 | 0.09 | 0.08 | 0.04 | 0.11 | 0.26 | 0.30 | 0.29 | 0.33 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $739,300K
= 0.00
The debt-to-equity ratio of Metallus Inc has shown a declining trend over the past years, indicating a decreasing reliance on debt to finance its operations. From the most recent data available as of March 31, 2024, the company has a debt-to-equity ratio of 0.00, suggesting that it has no debt in its capital structure and relies solely on equity for financing.
Looking back at previous periods, we observe that the company maintained a consistent low debt-to-equity ratio throughout 2023 and 2022, with values of 0.00. However, there was a slight increase in the ratio in the first quarter of 2021 to 0.09 and then further to 0.26 in the first quarter of 2020. This rise was followed by a decrease in the subsequent quarters, returning to lower levels.
The downward trend in the debt-to-equity ratio indicates that Metallus Inc has been effectively managing its debt levels, potentially reducing financial risk and enhancing financial stability. It suggests that the company has been cautious in its borrowing activities and has been utilizing internal resources and equity financing to support its operations and growth.
Overall, the consistently low debt-to-equity ratio of Metallus Inc, especially the recent data showing no debt, reflects a strong financial position and a conservative approach to capital structure management.
Peer comparison
Mar 31, 2024