Minerals Technologies Inc (MTX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,747,000 | 1,706,000 | 1,662,600 | 1,661,100 | 1,652,000 | 1,589,100 | 1,626,500 | 1,622,800 | 1,579,400 | 1,502,000 | 1,543,400 | 1,562,000 | 1,539,300 | 1,506,300 | 1,499,700 | 1,464,000 | 1,460,800 | 1,438,100 | 1,406,500 | 1,379,800 |
| 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 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,747,000K)
= 0.00
Minerals Technologies Inc has consistently maintained a debt-to-capital ratio of 0.00 throughout the period from March 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt financing significantly in relation to its total capital structure. A debt-to-capital ratio of 0.00 implies that the company's capital is primarily sourced from equity rather than debt. This can be seen as a positive indicator of financial stability and lower financial risk, as there is no significant leverage in the company's capital structure. It is important to note that a low debt-to-capital ratio does not necessarily indicate poor financial health, as it depends on the specific circumstances and strategies of the company.
Peer comparison
Dec 31, 2024