Metallus, Inc (MTUS)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.62 | 1.59 | 1.52 | 1.58 | 1.69 | 1.58 | 1.61 | 1.64 | 1.66 | 1.53 | 1.58 | 1.69 | 1.89 | 1.80 | 1.87 | 2.04 | 1.96 | 1.91 | 1.90 | 1.97 |
Metallus, Inc's solvency ratios indicate a consistently strong financial position. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all been consistently at 0.00 over the reporting periods, suggesting that the company has no significant debt in relation to its total assets, capital, or equity.
The financial leverage ratio has shown a decreasing trend from 1.97 in March 2020 to 1.52 in June 2024. This indicates that the company's reliance on debt to finance its operations has been decreasing, which is generally viewed positively as it reduces the financial risk and potential for default.
Overall, the solvency ratios demonstrate that Metallus, Inc has a strong ability to meet its financial obligations and indicates a low risk of insolvency. Investors and creditors may view the company favorably due to its solid solvency position and prudent debt management.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.32 | 11.93 | 27.56 | 41.62 | 35.70 | 31.57 | 17.25 | 32.54 | 34.97 | 52.38 | 53.91 | 38.85 | 29.54 | 14.04 | 5.22 | -1.52 | -3.83 | -9.92 | -10.21 | -9.42 |
The interest coverage ratio for Metallus, Inc has shown significant fluctuations over the reporting periods provided.
From March 31, 2020 to June 30, 2021, the interest coverage ratio was consistently negative, indicating that the company was unable to cover its interest expenses with its operating income during these periods. This suggests financial distress and a potential risk of default on debt obligations.
However, starting from September 30, 2021, the interest coverage ratio improved dramatically, turning positive. This indicates that Metallus, Inc's operating income began to sufficiently cover its interest expenses. The ratio continued to rise steadily, reaching its peak at 53.91 on June 30, 2022, and generally remained at levels indicative of strong financial health for the following quarters.
While there was a slight decline in the interest coverage ratio in the subsequent periods, it remained at healthy levels above 10, indicating that Metallus, Inc continued to comfortably cover its interest expenses with its operating income. Overall, the trend suggests a significant improvement in the company's ability to meet its interest obligations and manage its debt effectively, transitioning from financial distress to a more stable financial position.