Everus Construction Group Inc (ECG)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Total assets | US$ in thousands | 1,110,580 | 1,135,590 | — |
| Total stockholders’ equity | US$ in thousands | 448,850 | 382,247 | — |
| Financial leverage ratio | 2.47 | 2.97 | — |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,110,580K ÷ $448,850K
= 2.47
The financial leverage ratio of Everus Construction Group Inc has shown a decreasing trend over the years, dropping from 2.97 in 2022 to 2.47 in 2023. This indicates that the company is relying less on debt to finance its operations compared to the previous year. However, since the financial leverage ratio for 2021 is not provided in the data, it is difficult to assess the overall trend over the past three years. It is important for the company to monitor its leverage ratio to ensure a healthy balance between debt and equity in its capital structure, balancing the benefits of leverage with the risks associated with higher debt levels.
Peer comparison
Dec 31, 2023