Minerals Technologies (MTX) Interest Coverage Ratio (2013 - 2024)
Minerals Technologies recorded quarterly Interest Coverage Ratio of 5.05 in Q1 2024, up 14.84% quarter-over-quarter from 4.39 in Q4 2023, and up 13.76% year-over-year from 4.44 in Q2 2023.
Minerals Technologies' Interest Coverage Ratio history runs 12 years deep, the most recent figure standing at 5.05 for Q1 2024.
- In Q1 2024, Interest Coverage Ratio rose 13.76% year-over-year to 5.05; the TTM figure through Dec 2024 stood at 19.23 (up 562.58% YoY), while the FY2023 annual figure was 2.9, down 40.69% from the prior year.
- Interest Coverage Ratio came in at 5.05 for Q1 2024 at Minerals Technologies, up from 4.39 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 7.0 in Q3 2021 to a low of 0.52 in Q4 2023.
- A 5-year average of 4.45 and a median of 4.44 in 2023 frame the typical range for Interest Coverage Ratio.
- Across the five-year window, Interest Coverage Ratio soared 153.12% in 2021 and tumbled 115.95% in 2023, its largest moves.
- Minerals Technologies' Interest Coverage Ratio stood at 2.89 in 2020, then jumped by 102.38% to 5.84 in 2021, then tumbled by 41.26% to 3.43 in 2022, then rose by 28.01% to 4.39 in 2023, then advanced by 14.84% to 5.05 in 2024.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 5.05, 4.39, and 0.52 for Q1 2024, Q4 2023, and Q4 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 230.79 Bn | 226.84 Bn | 4.26 Bn | 39.34 |
| 2 | Chemical & Mining Co Of Chile | 127.66 Bn | 124.93 Bn | 778.60 Mn | -15.41 |
| 3 | Sherwin Williams | 72.51 Bn | 72.30 Bn | 2.78 Bn | 6.16 |
| 4 | Ecolab | 70.96 Bn | 70.34 Bn | 1.85 Bn | -11.07 |
| 5 | Air Products & Chemicals | 62.15 Bn | 63.70 Bn | 987.40 Mn | 15.21 |
| 6 | Ppg Industries | 25.04 Bn | 23.57 Bn | 1.66 Bn | 9.05 |
| 7 | LyondellBasell Industries | 21.62 Bn | 21.73 Bn | 701.00 Mn | 1.73 |
| 8 | Albemarle | 20.26 Bn | 19.42 Bn | 500.97 Mn | - |
| 9 | DuPont de Nemours | 19.45 Bn | 19.56 Bn | 602.00 Mn | 7.50 |
| 10 | Minerals Technologies | 2.37 Bn | 2.09 Bn | 131.10 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 5.05 |
| Dec 31, 2023 | 4.39 |
| Oct 1, 2023 | -0.52 |
| Jul 2, 2023 | 3.44 |
| Apr 2, 2023 | 4.44 |
| Dec 31, 2022 | 3.43 |
| Oct 2, 2022 | 3.24 |
| Jul 3, 2022 | 6.67 |
| Apr 3, 2022 | 6.76 |
| Dec 31, 2021 | 5.84 |
| Oct 3, 2021 | 6.59 |
| Jul 4, 2021 | 7.00 |
| Apr 4, 2021 | 5.94 |
| Dec 31, 2020 | 2.89 |
| Sep 27, 2020 | 4.80 |
| Jun 28, 2020 | 2.77 |
| Mar 29, 2020 | 2.94 |
| Dec 31, 2019 | 4.82 |
| Sep 29, 2019 | 4.86 |
| Jun 30, 2019 | 4.17 |
| Mar 31, 2019 | 5.44 |
| Dec 31, 2018 | 5.19 |
| Sep 30, 2018 | 5.83 |
| Jul 1, 2018 | 5.46 |
| Apr 1, 2018 | 5.85 |
| Dec 31, 2017 | 4.23 |
| Oct 1, 2017 | 6.40 |
| Jul 2, 2017 | 6.76 |
| Apr 2, 2017 | 5.26 |
| Dec 31, 2016 | 4.35 |
| Oct 2, 2016 | 5.02 |
| Jul 3, 2016 | 2.84 |
| Apr 3, 2016 | 4.09 |
| Dec 31, 2015 | 2.45 |
| Sep 27, 2015 | 3.44 |
| Jun 28, 2015 | 3.34 |
| Mar 29, 2015 | 3.89 |
| Dec 31, 2014 | 2.57 |
| Sep 28, 2014 | 4.18 |
| Jun 29, 2014 | 4.02 |
| Mar 30, 2014 | 236.00 |
| Dec 31, 2013 | -111.67 |
| Sep 29, 2013 | 328.00 |
| Jun 30, 2013 | 324.00 |
| Mar 31, 2013 | 70.50 |