Everus Construction Group Inc (ECG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $453,303K
= 0.00
The debt-to-equity ratio for Everus Construction Group Inc has consistently been reported as 0.00 for the periods ending on September 30, 2024, June 30, 2024, and December 31, 2023. A debt-to-equity ratio of 0.00 indicates that the company has no debt obligations in relation to its equity. This scenario suggests that the company may be relying more on equity financing rather than debt to fund its operations and growth. While a zero debt-to-equity ratio may indicate financial stability and reduced financial risk, it's essential to consider other factors such as the cost of capital and potential limitations on growth due to a lack of leverage. Further analysis of the company's financial structure and strategic decision-making regarding capital structure would provide additional insights into its overall financial health and risk profile.
Peer comparison
Sep 30, 2024