Arcosa Inc (ACA)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,577,900 | 3,340,600 | 3,188,100 | 2,646,700 | 2,302,500 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,577,900K
= 0.00
Arcosa Inc's debt-to-assets ratio has shown some fluctuations over the past five years. In 2023 and 2022, the ratio stood at 0.16, indicating that for every dollar of assets, the company had $0.16 of debt. This suggests a relatively stable financial leverage position.
In 2021, the ratio increased to 0.21, which may indicate a higher level of debt relative to assets. This could potentially raise concerns about the company's ability to repay its debt obligations. However, in 2020 and 2019, the ratio was lower at 0.10 and 0.05 respectively, indicating lower debt levels compared to the value of the assets.
Overall, Arcosa Inc's debt-to-assets ratio has shown variability, with 2021 standing out as a year of relatively higher leverage. Investors and analysts may want to track this ratio over time to assess the company's ability to manage its debt levels effectively and maintain financial stability.
Peer comparison
Dec 31, 2023