Everus Construction Group Inc (ECG)

Debt-to-capital ratio

		Sep 30, 2024	Jun 30, 2024	Dec 31, 2023
Long-term debt	US$ in thousands	—	—	—
Total stockholders’ equity	US$ in thousands	453,303	400,323	448,850
Debt-to-capital ratio		0.00	0.00	0.00

September 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $453,303K)
= 0.00

The debt-to-capital ratio of Everus Construction Group Inc for the periods ending September 30, 2024, June 30, 2024, and December 31, 2023, all show a ratio of 0.00. This indicates that the company had no debt relative to its capital during these periods. A debt-to-capital ratio of 0.00 signifies that the company has not utilized debt as a source of financing its operations and projects, and has relied solely on equity funding. While a low or zero debt-to-capital ratio can be indicative of a financially stable company, it may also suggest that the company is not taking advantage of the benefits of leveraging with debt. Further analysis of the company's capital structure and financial strategy would be necessary to fully assess the implications of this consistent ratio.