Metallus Inc (MTUS)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 | 0.04 | 0.04 | 0.02 | 0.06 | 0.13 | 0.16 | 0.17 | 0.19 |
| Debt-to-capital 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 | 0.08 | 0.07 | 0.04 | 0.10 | 0.21 | 0.23 | 0.22 | 0.25 |
| 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 |
| 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 |
The solvency ratios of Metallus Inc indicate the company's ability to meet its long-term financial obligations.
The debt-to-assets ratio has consistently been low, indicating that the company has minimal debt in relation to its total assets. This suggests that the company is not highly leveraged and has a strong financial position in terms of asset coverage for its debt obligations.
Similarly, the debt-to-capital ratio and debt-to-equity ratio have also remained at very low levels over the periods analyzed. This implies that the company relies very little on debt financing to fund its operations and investments, and that the majority of its capital is derived from equity.
On the other hand, the financial leverage ratio has been relatively stable but on an upward trend, indicating an increase in the company's financial leverage over time. This suggests that while the company has been maintaining a low level of debt, its use of financial leverage has been gradually growing.
Overall, based on these solvency ratios, Metallus Inc appears to have a conservative capital structure with effective control over its debt levels, implying a strong solvency position and financial stability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 42.62 | 36.70 | 32.57 | 14.29 | 23.74 | 25.28 | 36.24 | 46.98 | 36.91 | 29.05 | 13.66 | 4.96 | -1.73 | -3.82 | -9.92 | -10.10 | -9.17 | -7.03 | -2.86 | -0.99 |
The interest coverage ratio for Metallus Inc has fluctuated over the past few quarters. It went from a high of 42.62 in March 2024 to a low of -10.10 in June 2020. Generally, a higher interest coverage ratio indicates that the company is more capable of servicing its interest obligations. During this period, Metallus Inc experienced a significant increase in its interest coverage ratio from March 2021 to March 2024, reflecting improvements in its ability to cover its interest expenses with operating income. However, there were also some periods where the interest coverage ratio dropped significantly, indicating potential challenges in meeting interest payments with current earnings. It is important for stakeholders to monitor the trend of the interest coverage ratio to assess the company's financial health and ability to manage its debt obligations effectively.