Minerals Technologies Inc (MTX)
Debt-to-equity ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 911,100 | 918,000 | 921,200 | 924,700 | 928,100 | 944,900 | 939,300 | 937,000 | 936,200 | 935,300 | 934,400 | 933,600 | 933,200 | 1,012,300 | 647,700 | 824,900 | 824,300 | 844,700 | 874,200 | 893,400 |
| Total stockholders’ equity | US$ in thousands | 1,652,000 | 1,589,100 | 1,626,500 | 1,622,800 | 1,579,500 | 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 | 1,402,700 | 1,402,700 | 1,390,900 | 1,393,500 |
| Debt-to-equity ratio | 0.55 | 0.58 | 0.57 | 0.57 | 0.59 | 0.63 | 0.61 | 0.60 | 0.61 | 0.62 | 0.62 | 0.64 | 0.64 | 0.70 | 0.46 | 0.60 | 0.59 | 0.60 | 0.63 | 0.64 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $911,100K ÷ $1,652,000K
= 0.55
The debt-to-equity ratio of Minerals Technologies, Inc. has shown a declining trend over the past eight quarters, starting at 0.71 in Q3 2022 and decreasing gradually to 0.61 in Q4 2023. This indicates that the company is relying less on debt financing relative to its equity over this period.
The decreasing trend suggests that the company may be reducing its reliance on debt to fund its operations or expansions. A lower debt-to-equity ratio is generally viewed positively by investors as it signifies lower financial risk and a stronger equity position.
It is important to note that while a declining debt-to-equity ratio indicates improved financial health and risk management, a very low ratio could also mean that the company is not taking advantage of debt financing to fuel its growth. Overall, a decreasing trend in the debt-to-equity ratio for Minerals Technologies, Inc. suggests a positive shift towards a more balanced capital structure.
Peer comparison
Dec 31, 2023