Minerals Technologies (MTX) Interest Coverage Ratio (2013 - 2024)
Minerals Technologies' (MTX) quarterly Interest Coverage Ratio came in at 5.05 in Q1 2024, up 13.76% year-over-year from 4.44 in Q2 2023, and up 14.84% quarter-over-quarter from 4.39 in Q4 2023.
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Minerals Technologies (MTX) Interest Coverage Ratio (2013 - 2024) Analysis & Trends
Minerals Technologies has disclosed Interest Coverage Ratio across 12 years of filings, most recently posting 5.05 for Q1 2024.
- In Q1 2024, Interest Coverage Ratio rose 13.76% year-over-year to 5.05; the TTM figure through Mar 2024 stood at 3.07 (down 29.88% 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.
- Average Interest Coverage Ratio over 5 years is 4.81, with a median of 5.05 recorded in 2024.
- Year-over-year, Interest Coverage Ratio soared 108.46% in 2021 and tumbled 115.95% in 2023.
- Over 5 years, Interest Coverage Ratio stood at 5.09 in 2020, then advanced by 14.74% to 5.84 in 2021, then slumped by 41.26% to 3.43 in 2022, then increased by 28.01% to 4.39 in 2023, then gained by 14.84% to 5.05 in 2024.
- Per Business Quant data, the three most recent Interest Coverage Ratio figures were 5.05 in Q1 2024, 4.39 in Q4 2023, and 0.52 in Q4 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Materion | 5.30 Bn | 5.28 Bn | 104.34 Mn | 6.87 |
| 2 | United States Lime & Minerals | 3.32 Bn | 2.92 Bn | 46.72 Mn | - |
| 3 | Minerals Technologies | 2.16 Bn | 1.81 Bn | 133.80 Mn | - |
| 4 | Atlas Energy Solutions | 1.82 Bn | 1.65 Bn | 25.86 Mn | - |
| 5 | Compass Minerals International | 1.09 Bn | 1.03 Bn | 37.90 Mn | 10.90 |
| 6 | Oil-Dri Corp of America | 840.38 Mn | 777.44 Mn | 33.73 Mn | 31.83 |
| 7 | ContextLogic Holdings | 613.79 Mn | 613.79 Mn | 16.30 Mn | -0.32 |
| 8 | Smart Sand | 213.18 Mn | 202.98 Mn | 19.83 Mn | - |
| 9 | Nouveau Monde Graphite | 211.02 Mn | -121.96 Mn | - | - |
| 10 | Graftech International | 161.07 Mn | 15.71 Mn | -422,000.00 | -0.60 |
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 |