Minerals Technologies Inc (MTX)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,346,600 | 3,344,700 | 3,408,200 | 3,450,700 | 3,401,600 | 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 | 3,112,600 | 3,125,900 | 3,149,400 | 3,163,400 |
| 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 |
| Financial leverage ratio | 2.03 | 2.10 | 2.10 | 2.13 | 2.15 | 2.26 | 2.20 | 2.19 | 2.19 | 2.25 | 2.17 | 2.19 | 2.20 | 2.23 | 2.17 | 2.22 | 2.22 | 2.23 | 2.26 | 2.27 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,346,600K ÷ $1,652,000K
= 2.03
Minerals Technologies, Inc.'s financial leverage ratio has been relatively stable over the past eight quarters, ranging from 2.03 to 2.26. The ratio indicates that the company's total debt represents, on average, approximately 2 times its total equity. The downward trend from Q4 2022 to Q4 2023 suggests a slight improvement in the company's leverage position during this period. However, the ratio is still above 2, indicating that the company relies more on debt financing than equity for its capital structure. Investors and creditors should continue monitoring the trend of the financial leverage ratio to assess the company's ability to meet its financial obligations and manage its debt levels effectively.
Peer comparison
Dec 31, 2023