EMCOR Group Inc (EME)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.02 | 0.00 | 0.01 | 0.01 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,469,780K
= 0.00
The debt-to-equity ratio of Emcor Group, Inc. has exhibited fluctuations over the past eight quarters. In Q4 2023, the company reported an exceptionally low debt-to-equity ratio of 0.00, indicating a negligible level of debt in relation to its equity. This signifies a strong financial position with low leverage and relatively high equity relative to debt.
Looking back at the trend, the debt-to-equity ratio gradually increased from Q1 2023 to Q4 2022, reaching its peak of 0.23 in Q3 2022 before decreasing in the subsequent quarters. The ratio stood at 0.12 in both Q2 and Q1 2022, suggesting a balance between debt and equity during that period.
The fluctuation in the debt-to-equity ratio implies changes in Emcor Group, Inc.'s capital structure and financing decisions over time. It is essential for stakeholders to closely monitor these fluctuations to assess the company's financial risk and leverage profile. Moreover, a decreasing trend in the ratio may indicate management efforts to reduce debt levels or increase equity, enhancing the company's financial stability and resilience to economic downturns.
Peer comparison
Dec 31, 2023