EMCOR Group Inc (EME)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 0 | 0 | 0 | 50,000 |
| Total assets | US$ in thousands | 6,609,720 | 5,524,610 | 5,441,450 | 5,063,840 | 4,830,360 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,609,720K
= 0.00
The debt-to-assets ratio for Emcor Group, Inc. has been decreasing steadily over the past five years. The ratio was 0.06 in 2019, and it has since declined to 0.00 in 2023. This indicates that the company has been reducing its reliance on debt to finance its assets over time. A decreasing trend in the debt-to-assets ratio typically suggests improved financial stability and lower risk as the company relies less on external financing. It also indicates that Emcor Group, Inc. has strong asset coverage and financial health, as a lower ratio signifies that a smaller portion of the company's assets is financed by debt. Overall, the decreasing trend in the debt-to-assets ratio reflects positively on Emcor Group, Inc.'s financial management and its ability to manage and grow its business with a conservative debt structure.
Peer comparison
Dec 31, 2023