Debt-to-Equity Ratio

MPC’s current Debt-to-Equity Ratio of 1.96x means the company has $1.96 of debt for every $1 of shareholder equity — a measure of how much the business relies on borrowing.

For context, the sector median is 0.73x, and MPC’s ratio places it in the 85th percentile among its peers, indicating substantially higher leverage than most. The year-over-year change is not available, but quarter-over-quarter the ratio decreased by 4.4% from 2.05x to 1.96x. Although the absolute level signals elevated financial risk compared to the sector, the downward trend suggests the company is gradually reducing its debt burden. This combination of a high but slightly improving leverage profile creates a mixed risk picture — the current exposure is elevated, yet the direction offers some relief. The metric supports the overall NEUTRAL verdict because the high debt level cautions against a bullish stance, while the improvement prevents a clearly bearish conclusion.

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