Minerals Technologies Inc (MTX)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,747,000 | 1,652,000 | 1,579,400 | 1,539,300 | 1,460,800 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,747,000K)
= 0.00
The debt-to-capital ratio of Minerals Technologies Inc has remained constant at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations in relation to its total capital. A debt-to-capital ratio of 0.00 suggests that the company has been relying solely on equity financing, which may signify a conservative financial strategy or strong financial position. However, it's important to consider the overall capital structure and financial health of the company in conjunction with this ratio for a more comprehensive evaluation.
Peer comparison
Dec 31, 2024