Metallus Inc (MTUS)

Financial leverage 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
Total assets	US$ in thousands	1,165,800	1,175,300	1,153,800	1,148,500	1,135,300	1,082,000	1,122,300	1,217,300	1,186,000	1,158,900	1,116,400	1,063,100	1,048,100	994,000	983,700	1,003,700	1,070,000	1,085,200	1,107,300	1,179,600
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
Financial leverage ratio		1.58	1.61	1.58	1.61	1.64	1.58	1.53	1.58	1.69	1.74	1.80	1.87	2.04	1.96	1.91	1.90	1.97	1.93	1.70	1.75

March 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,165,800K ÷ $739,300K
= 1.58

The financial leverage ratio of Metallus Inc has exhibited some fluctuations over the past several quarters, ranging from 1.53 to 2.04. The ratios indicate that the company's reliance on debt to finance its operations has been moderate to high during this period.

A higher financial leverage ratio suggests that a company has taken on more debt relative to its equity, which can magnify returns but also increase financial risk. Conversely, a lower ratio indicates a lower level of debt and potentially less financial risk.

Overall, the trend in Metallus Inc's financial leverage ratio shows some variability, with an increase observed from the end of 2021 through the first half of 2022, followed by a decline in the latter part of 2022. From 2023 onwards, the ratio has been relatively stable, hovering around the 1.60 mark.

It is important for investors and stakeholders to monitor changes in the financial leverage ratio over time as it can provide insights into the company's capital structure, risk profile, and potential financial health.