Everus Construction Group Inc (ECG)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,288,460 | 1,110,580 | 1,135,590 | — |
| Total stockholders’ equity | US$ in thousands | 422,612 | 448,850 | 382,247 | — |
| Financial leverage ratio | 3.05 | 2.47 | 2.97 | — |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,288,460K ÷ $422,612K
= 3.05
The financial leverage ratio for Everus Construction Group Inc has shown fluctuations over the years. The ratio was not available for December 31, 2021. However, it increased to 2.97 on December 31, 2022, indicating an increase in the company's reliance on debt to finance its operations. By December 31, 2023, the ratio decreased to 2.47, suggesting a reduction in debt levels compared to the previous year. Nevertheless, by December 31, 2024, the financial leverage ratio increased again to 3.05, signifying an elevated level of debt relative to the company's equity and possibly signaling increased financial risk. It's important for stakeholders to closely monitor the trend of the financial leverage ratio to assess Everus Construction Group Inc's financial health and risk profile.
Peer comparison
Dec 31, 2024