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.