Everus Construction Group Inc (ECG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $448,850K
= 0.00
The debt-to-equity ratio for Everus Construction Group Inc for the years ending Dec 31, 2023, and Dec 31, 2022, is reported as 0.00. This ratio indicates that the company had no debt recorded relative to its equity in those years. The absence of debt in relation to equity implies that the company's financing was primarily sourced from equity rather than borrowed funds during those periods. Furthermore, as there is no data provided for the year ending Dec 31, 2021, it can be inferred that the company either did not exist, did not have debt or equity, or the data was not disclosed for that particular year. A debt-to-equity ratio of 0.00 typically reflects a very conservative financial structure with no debt obligations to leverage, signaling potentially lower financial risk and a strong equity base.
Peer comparison
Dec 31, 2023