Minerals Technologies (MTX) Interest Coverage Ratio (2013 - 2024)
Minerals Technologies' Interest Coverage Ratio was 5.05 in Q1 2024, up 13.8% from 4.44 a year earlier and up 14.8% from the prior quarter.
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Analysis
Minerals Technologies (MTX) Interest Coverage Ratio (2013 - 2024) Analysis & Trends
On a trailing twelve-month basis, Minerals Technologies' Interest Coverage Ratio was 3.07 through Mar 31, 2024, down 29.9% year-over-year; for FY2023, it came in at 2.90, down 40.7% from FY2022.
- In earlier years, Interest Coverage Ratio was 4.89 in FY2022 (-22.8%), 6.34 in FY2021 (+28.8%), 4.92 in FY2020 (+1.8%) and 4.83 in FY2019 (-13.3%).
- The Q1 2024 figure marks the highest quarterly Interest Coverage Ratio since Q2 2022.
- Compared with a year earlier, Interest Coverage Ratio was higher in two of the last seven quarters, with an average decline of 19.7%.
- The best year-over-year quarter for Interest Coverage Ratio over five years was Q2 2021 (growth of 108.5%); the worst was Q3 2022 (a decline of 50.9%).
- Per Business Quant data, MTX's Interest Coverage Ratio in the three quarters before Q1 2024 was 4.39 (Q4 2023), -0.52 (Q3 2023) and 3.44 (Q2 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 167.30 Bn | 146.09 Bn | 2.90 Bn | - |
| 3 | Rio Tinto | 143.04 Bn | 103.54 Bn | - | - |
| 4 | Newmont | 124.35 Bn | 92.35 Bn | 4.03 Bn | - |
| 5 | Freeport-Mcmoran | 99.09 Bn | 83.13 Bn | 2.19 Bn | - |
| 6 | Agnico Eagle Mines | 93.47 Bn | 83.11 Bn | 2.43 Bn | 143.79 |
| 7 | Barrick Mining | 69.01 Bn | 44.20 Bn | 2.90 Bn | 105.08 |
| 8 | Nucor | 59.68 Bn | 49.06 Bn | 2.03 Bn | 45.25 |
| 9 | ArcelorMittal | 48.25 Bn | 27.28 Bn | - | - |
| 10 | Minerals Technologies | 1.95 Bn | 617.84 Mn | 133.80 Mn | - |
Historic Data
Download Data
Historic 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 | 5.09 |
| Sep 27, 2020 | 4.80 |
| Jun 28, 2020 | 3.36 |
| Mar 29, 2020 | 6.20 |
| Dec 31, 2019 | 4.82 |
| Sep 29, 2019 | 4.86 |
| Jun 30, 2019 | 4.17 |
API Access
Minerals Technologies Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=MTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "MTX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=MTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();