Comfort Systems USA Inc (FIX)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,704,680K
= 0.00
The debt-to-equity ratio of Comfort Systems USA Inc has been consistently reported as 0.00 from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt or a negligible amount of debt compared to its equity. This implies that the company relies more on equity financing rather than debt for its operations and investments. A lower debt-to-equity ratio is generally favorable as it signifies lower financial risk and less financial leverage. In the case of Comfort Systems USA Inc, the consistent 0.00 debt-to-equity ratio reflects a strong financial position with a conservative approach to capital structure management.
Peer comparison
Dec 31, 2024