Comfort Systems USA Inc (FIX)
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 | 4,711,090 | 3,305,580 | 2,597,480 | 2,209,110 | 1,757,360 |
| 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 ÷ $4,711,090K
= 0.00
The debt-to-assets ratio for Comfort Systems USA Inc over the past five years has consistently remained at 0.00. This indicates that the company has not utilized debt as a means of financing its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed by equity, which can be viewed positively as it indicates a lower financial risk and a stronger financial position. However, it is important to note that relying solely on equity for asset financing may limit potential growth opportunities that debt financing could provide. Nonetheless, Comfort Systems USA Inc's stable and low debt-to-assets ratio indicates a conservative financial approach in managing its capital structure.
Peer comparison
Dec 31, 2024