EMCOR Group Inc (EME)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,469,780 | 2,278,930 | 2,117,380 | 2,065,620 | 1,973,590 | 1,841,720 | 1,952,090 | 2,135,100 | 2,252,390 | 2,141,350 | 2,090,480 | 2,119,970 | 2,052,670 | 2,007,290 | 1,943,620 | 2,026,950 | 2,057,130 | 1,975,160 | 1,894,180 | 1,810,770 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.02 | 0.00 | 0.01 | 0.01 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,469,780K)
= 0.00
Based on the data provided, Emcor Group, Inc.'s debt-to-capital ratio has fluctuated over the past eight quarters. The ratio has ranged from 0.00 to 0.19 during this period.
In Q4 2023, the debt-to-capital ratio was at its lowest point of 0.00, indicating that Emcor had no debt relative to its capital structure. This could suggest a strong financial position with lower financial risk.
In the following quarters, the debt-to-capital ratio gradually increased, reaching a peak of 0.19 in Q3 2022. This increase may signify higher debt levels compared to capital, which could potentially raise concerns about the company's financial leverage and ability to manage its debt obligations.
Overall, the trend indicates some fluctuations in Emcor's debt-to-capital ratio over the past two years, highlighting changes in the company's capital structure and financial risk profile. Investors and stakeholders may want to closely monitor this ratio to assess Emcor's financial health and sustainability.
Peer comparison
Dec 31, 2023