Aecom Technology Corporation (ACM)
Debt-to-equity ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,247,300 | 2,212,330 | 2,454,760 | 2,594,340 | 2,555,630 | 2,476,650 | 2,451,010 | 2,531,440 | 2,510,670 | 2,712,470 | 2,708,040 | 2,822,970 | 2,908,200 | 3,292,560 | 3,744,890 | 3,531,500 | 3,673,000 | 3,690,580 | 4,303,000 | 4,199,940 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,247,300K
= 0.00
The debt-to-equity ratio of AECOM has shown some fluctuations over the past eight quarters. In Q1 2024, the ratio stood at 0.98, indicating that the company had a higher level of debt relative to its equity. This was slightly lower than the ratio in Q4 2023, which was at 1.00.
The trend over the past two years shows some variability, with the ratio ranging from 0.85 to 1.00. Generally, the company has maintained a moderate level of debt compared to equity, with the ratio hovering around the 0.85 to 0.90 range in most quarters.
It is important for investors and analysts to monitor the debt-to-equity ratio as it provides insights into a company's capital structure and financial leverage. A higher ratio indicates higher financial risk, while a lower ratio suggests a more conservative financial position. AECOM's debt-to-equity ratio has been relatively stable within a reasonable range, but further analysis of the company's overall financial health and future debt management strategies would be needed for a comprehensive assessment.
Peer comparison
Dec 31, 2023