Comfort Systems USA Inc (FIX)
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 | 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 stockholders’ equity | US$ in thousands | 1,277,830 | 1,207,160 | 1,111,460 | 1,053,490 | 999,923 | 951,132 | 896,845 | 878,408 | 805,666 | 771,789 | 752,012 | 723,103 | 696,429 | 668,126 | 628,433 | 593,043 | 585,304 | 557,630 | 532,088 | 515,195 |
| Debt-to-equity ratio | 0.03 | 0.03 | 0.12 | 0.19 | 0.25 | 0.40 | 0.45 | 0.47 | 0.48 | 0.35 | 0.21 | 0.24 | 0.34 | 0.33 | 0.37 | 0.56 | 0.35 | 0.41 | 0.53 | 0.14 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $39,345K ÷ $1,277,830K
= 0.03
The debt-to-equity ratio of Comfort Systems USA, Inc. has been fluctuating over the past eight quarters. The trend indicates a general increase in the ratio over this period. In Q4 2022, the ratio was 0.26, which has steadily risen to 0.03 by Q4 2023.
A debt-to-equity ratio of 0.03 in Q4 2023 suggests that the company's level of debt relative to its equity has decreased significantly compared to the previous quarters. This indicates that Comfort Systems USA, Inc. has a lower level of debt in relation to its equity, which could be a positive indicator for the company's overall financial health.
It is important to note that a low debt-to-equity ratio may imply that the company has a conservative financial structure with less reliance on debt financing. This could potentially signal lower financial risk and make the company more attractive to investors. However, further analysis in conjunction with other financial metrics is recommended to gain a comprehensive understanding of the company's financial position and performance.
Peer comparison
Dec 31, 2023