Minerals Technologies Inc (MTX)
Debt-to-assets ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 3,393,900 | 3,394,000 | 3,346,000 | 3,339,100 | 3,346,600 | 3,344,700 | 3,408,200 | 3,450,700 | 3,399,100 | 3,387,300 | 3,403,100 | 3,425,800 | 3,374,200 | 3,384,300 | 3,253,300 | 3,213,200 | 3,209,400 | 3,214,100 | 3,056,900 | 3,069,100 |
| 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 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,393,900K
= 0.00
The debt-to-assets ratio for Minerals Technologies Inc has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This implies that the company has not relied on debt to finance its assets during this period. A debt-to-assets ratio of 0.00 indicates that the company's assets are entirely financed by equity, which can be a positive indicator of financial strength and stability. This could signify prudent financial management, strong cash flows, or minimal reliance on external financing. However, it's important to note that while a low debt-to-assets ratio can be favorable in terms of financial risk, it may also suggest missed opportunities for leveraging debt to potentially enhance returns on equity.
Peer comparison
Dec 31, 2024