EMCOR Group Inc (EME)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 7,716,470 | 6,609,720 | 5,524,610 | 5,441,450 | 5,063,840 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $7,716,470K
= 0.00
The debt-to-assets ratio for EMCOR Group Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are funded entirely by equity, which suggests a low financial risk and strong financial position in terms of solvency. It implies that EMCOR Group Inc has not relied on borrowed funds to finance its operations and investments, which may indicate a conservative financial strategy or access to sufficient internal resources for growth and capital expenditures. However, it is also important to consider that a very low debt-to-assets ratio may imply missed opportunities for leveraging debt for potential growth or tax advantages.
Peer comparison
Dec 31, 2024