Comfort Systems USA Inc (FIX)
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 | 39,345 | 33,932 | 133,945 | 197,761 | 247,245 | 378,192 | 403,192 | 412,079 | 385,242 | 266,772 | 156,272 | 171,752 | 235,733 | 222,213 | 231,442 | 333,113 | 205,318 | 228,167 | 284,667 | 74,483 |
| Total assets | US$ in thousands | 3,305,580 | 3,140,620 | 2,915,120 | 2,839,470 | 2,597,480 | 2,549,470 | 2,439,620 | 2,308,410 | 2,209,110 | 1,951,330 | 1,754,950 | 1,715,530 | 1,757,360 | 1,677,970 | 1,675,440 | 1,618,070 | 1,505,010 | 1,467,460 | 1,444,600 | 1,080,030 |
| Debt-to-assets ratio | 0.01 | 0.01 | 0.05 | 0.07 | 0.10 | 0.15 | 0.17 | 0.18 | 0.17 | 0.14 | 0.09 | 0.10 | 0.13 | 0.13 | 0.14 | 0.21 | 0.14 | 0.16 | 0.20 | 0.07 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $39,345K ÷ $3,305,580K
= 0.01
Comfort Systems USA, Inc.'s debt-to-assets ratio has shown a decreasing trend over the past eight quarters. The ratio declined from 0.18 in Q1 2022 to 0.01 in Q4 2023, indicating a significant reduction in the company's debt relative to its total assets. This improvement suggests that the company has been effectively managing its debt levels and potentially strengthening its financial position. A lower debt-to-assets ratio generally indicates lower financial risk and greater financial stability for the company. Overall, the declining trend in Comfort Systems USA, Inc.'s debt-to-assets ratio reflects positively on its financial management and long-term sustainability.
Peer comparison
Dec 31, 2023