Minerals Technologies Inc (MTX)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,393,900 | 3,346,600 | 3,399,100 | 3,374,200 | 3,209,400 |
| Total stockholders’ equity | US$ in thousands | 1,747,000 | 1,652,000 | 1,579,400 | 1,539,300 | 1,460,800 |
| Financial leverage ratio | 1.94 | 2.03 | 2.15 | 2.19 | 2.20 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,393,900K ÷ $1,747,000K
= 1.94
The financial leverage ratio of Minerals Technologies Inc has shown a gradual decline over the past five years, decreasing from 2.20 in 2020 to 1.94 in 2024. This trend indicates that the company has been reducing its reliance on debt to finance its operations and investments. A lower financial leverage ratio generally implies a lower level of financial risk and greater financial stability for the company. The decreasing trend suggests that Minerals Technologies Inc has been managing its debt levels effectively and improving its overall financial health over the years.
Peer comparison
Dec 31, 2024