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