Everus Construction Group Inc (ECG)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — |
| Total assets | US$ in thousands | 1,288,460 | 1,110,580 | 1,135,590 | — |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | — |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,288,460K
= 0.00
The debt-to-assets ratio of Everus Construction Group Inc has shown a consistent and favorable trend over the past few years. As of December 31, 2022, December 31, 2023, and December 31, 2024, the ratio stands at 0.00, indicating that the company has no debt relative to its total assets during these periods.
Having a debt-to-assets ratio of 0.00 signifies that Everus Construction Group Inc is operating with no financial leverage, as the company's total assets are entirely financed by equity. This can be viewed as a positive sign of financial stability and solvency, as the absence of debt obligations reduces the company's financial risk and reliance on external financing.
However, while a low debt-to-assets ratio is generally considered favorable, it is essential to consider the context of the construction industry and the company's growth plans. Depending on the growth strategy and profitability targets of Everus Construction Group Inc, maintaining a balance between debt and equity financing may be necessary to support expansion and capital investments in the future.
Overall, the consistent 0.00 debt-to-assets ratio reflects Everus Construction Group Inc's current strong financial position, but careful consideration of the company's long-term financing strategy and capital structure is recommended to support sustainable growth and meet operational needs effectively.
Peer comparison
Dec 31, 2024