EMCOR Group Inc (EME)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 100,000 | 0 | 170,000 | — | — | 0 | — | — | — | 0 | 0 | 0 | 200,000 | 50,000 | 0 | 25,000 | 25,000 |
| Total assets | US$ in thousands | 6,609,720 | 6,224,190 | 5,907,670 | 5,640,910 | 5,524,610 | 5,438,730 | 5,146,440 | 5,231,150 | 5,441,450 | 5,296,680 | 5,133,170 | 5,061,190 | 5,063,840 | 4,829,980 | 4,590,420 | 4,835,550 | 4,830,360 | 4,532,720 | 4,393,580 | 4,278,320 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.01 | 0.00 | 0.01 | 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 of Emcor Group, Inc. has fluctuated over the past eight quarters. In Q4 2023, the ratio was 0.00, indicating that the company had no debt relative to its total assets. This suggests that the company may be operating with a strong balance sheet and low financial risk.
In the preceding quarters, the debt-to-assets ratio ranged from 0.02 to 0.08. The ratio increased in Q3 2022 to 0.08, indicating a higher proportion of debt compared to assets. However, it decreased in the subsequent quarters, stabilizing around 0.04 to 0.06, indicating a moderate level of debt relative to assets.
Overall, the trend in the debt-to-assets ratio for Emcor Group, Inc. shows some variability but appears to be relatively stable and manageable. It is important for investors and stakeholders to monitor this ratio in conjunction with other financial metrics to assess the company's financial health and leverage position effectively.
Peer comparison
Dec 31, 2023