Fluor Corporation (FLR)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,158,000 | 978,000 | 1,174,000 | 1,701,100 | 1,651,740 |
| Total assets | US$ in thousands | 6,973,000 | 6,827,000 | 7,089,000 | 7,309,810 | 7,966,660 |
| Debt-to-assets ratio | 0.17 | 0.14 | 0.17 | 0.23 | 0.21 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,158,000K ÷ $6,973,000K
= 0.17
The debt-to-assets ratio of Fluor Corporation has fluctuated over the past five years. As of December 31, 2023, the ratio stands at 0.17, which is consistent with the previous year's figure. This indicates that for every dollar of assets, the company has $0.17 of debt.
In 2020, the ratio was relatively higher at 0.24, suggesting that the company had a higher proportion of debt compared to its assets. The ratio decreased to 0.21 in 2019, before experiencing a slight improvement in 2021 at 0.16.
Overall, a lower debt-to-assets ratio indicates a lower financial risk, as the company has a smaller amount of debt relative to its total assets. The stability of the ratio in recent years suggests that Fluor Corporation has been managing its debt levels effectively, which could positively impact its financial health and ability to weather economic uncertainties.
Peer comparison
Dec 31, 2023