Everus Construction Group Inc (ECG)
Debt-to-assets ratio
| Sep 30, 2024 | Jun 30, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — |
| Total assets | US$ in thousands | 1,279,290 | 1,278,700 | 1,110,580 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,279,290K
= 0.00
Based on the provided data, Everus Construction Group Inc has consistently maintained a debt-to-assets ratio of 0.00 for the periods ending September 30, 2024, June 30, 2024, and December 31, 2023. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets during these periods. This implies that Everus Construction Group Inc has been operating without leveraging debt to finance its operations or investments. While a low or zero debt-to-assets ratio can signify financial stability and a lower risk of default, it may also suggest missed opportunities for leveraging debt for potential growth. Overall, the company's consistent zero debt-to-assets ratio reflects a conservative financial strategy with a focus on minimizing financial risk.
Peer comparison
Sep 30, 2024