Mettler-Toledo Intl's Debt Overview
Portfolio Pulse from Benzinga Insights
Mettler-Toledo Intl Inc. (NYSE:MTD) has seen its shares drop by 6.04% over the past three months. The company's financial statement as of May 5, 2023, reveals a total debt of $2.12 billion, adjusted for $89.08 million in cash-equivalents, resulting in a net debt of $2.03 billion. The company's debt-ratio is 0.62, indicating a considerable portion of debt is funded by assets. This could put the company at risk for default if interest rates were to increase.
July 24, 2023 | 4:15 pm
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Mettler-Toledo Intl's high debt-ratio of 0.62 could put the company at risk for default if interest rates were to increase. This could potentially impact the company's stock price negatively in the short term.
Mettler-Toledo Intl's high debt-ratio indicates that a significant portion of its assets are funded by debt. If interest rates were to increase, the company could face difficulties in meeting its debt obligations, which could negatively impact its financial stability and, consequently, its stock price.
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