Everus Construction Group Inc (ECG)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — |
| Total stockholders’ equity | US$ in thousands | 448,850 | 382,247 | — |
| Debt-to-capital ratio | 0.00 | 0.00 | — |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $448,850K)
= 0.00
Based on the provided data for Everus Construction Group Inc, the debt-to-capital ratio for both December 31, 2023, and December 31, 2022, is indicated as 0.00. This ratio implies that the company has no debt relative to its capital in the respective years. However, it is worth noting that data for December 31, 2021, is not available to calculate the ratio for that year. A debt-to-capital ratio of 0.00 suggests the company has been financing its operations without relying on debt financing, which could indicate strong financial stability and independence from financial leverage in the given years. It would be beneficial to assess the company's debt structure and overall financial strategy to comprehend the reasons behind the consistent 0.00 debt-to-capital ratio and to evaluate the company's overall financial health.
Peer comparison
Dec 31, 2023