Martin Marietta Materials (FRA:MMX) Debt-to-Equity : 0.53 (As of Mar. 2024)

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What is Martin Marietta Materials Debt-to-Equity?

Martin Marietta Materials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €416 Mil. Martin Marietta Materials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €3,948 Mil. Martin Marietta Materials's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €8,165 Mil. Martin Marietta Materials's debt to equity for the quarter that ended in Mar. 2024 was 0.53.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Martin Marietta Materials's Debt-to-Equity or its related term are showing as below:

FRA:MMX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.6 Max: 0.87
Current: 0.53

During the past 13 years, the highest Debt-to-Equity Ratio of Martin Marietta Materials was 0.87. The lowest was 0.36. And the median was 0.60.

FRA:MMX's Debt-to-Equity is ranked worse than
62.5% of 352 companies
in the Building Materials industry
Industry Median: 0.39 vs FRA:MMX: 0.53

Martin Marietta Materials Debt-to-Equity Historical Data

The historical data trend for Martin Marietta Materials's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Martin Marietta Materials Debt-to-Equity Chart

Martin Marietta Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.61

0.52

0.85

0.76

0.59

Martin Marietta Materials Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.76	0.73	0.61	0.59	0.53

Competitive Comparison of Martin Marietta Materials's Debt-to-Equity

For the Building Materials subindustry, Martin Marietta Materials's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Martin Marietta Materials's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Martin Marietta Materials's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Martin Marietta Materials's Debt-to-Equity falls into.

Martin Marietta Materials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Martin Marietta Materials's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(415.309	+	3917.699)	/	7366.444
	=	0.59

Martin Marietta Materials's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(415.84	+	3947.72)	/	8165
	=	0.53

Martin Marietta Materials (FRA:MMX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Martin Marietta Materials Debt-to-Equity Related Terms

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Martin Marietta Materials (FRA:MMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Martin Marietta Materials Inc (FRA:MMX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MLM:USA MLM:Mexico M1LM34:Brazil

Address

4123 Parklake Avenue, Raleigh, NC, USA, 27612

Website

https://www.martinmarietta.com

Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2022, Martin Marietta sold 207 million tons of aggregates. Martin Marietta's most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's magnesia specialties business produces magnesia-based chemical products and dolomitic lime.