Minerals Technologies Inc (MTX)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,393,900 | 3,346,600 | 3,399,100 | 3,374,200 | 3,209,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,393,900K
= 0.00
The debt-to-assets ratio of Minerals Technologies Inc has consistently remained at 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company has not taken on any debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 typically signifies that the company's assets are entirely funded by equity rather than debt, suggesting a low financial risk and a strong solvency position. This may indicate prudent financial management and a conservative approach to leveraging within the company's capital structure. However, it's essential to note that a zero debt-to-assets ratio may also signify missed opportunities for potential growth or tax advantages associated with debt financing. Overall, a consistent 0.00 debt-to-assets ratio for Minerals Technologies Inc reflects a stable and potentially conservative financial position over the analyzed period.
Peer comparison
Dec 31, 2024