Comfort Systems USA Inc (FIX)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,704,680 | 1,277,830 | 999,923 | 805,666 | 696,429 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,704,680K)
= 0.00
Comfort Systems USA Inc has consistently maintained a debt-to-capital ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt significantly in funding its operations or expansions relative to its total capital, which includes both debt and equity. A low debt-to-capital ratio suggests that the company is relying more on equity financing, which can be considered a positive indicator of financial stability and lower financial risk. This stable and low debt-to-capital ratio may reflect a conservative approach to managing the company's capital structure and financial leverage, potentially enhancing investor confidence in Comfort Systems USA Inc's ability to weather economic downturns and pursue strategic growth opportunities without taking on excessive debt levels.
Peer comparison
Dec 31, 2024