Fluor Corporation (FLR)
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 | 1,158,000 | 1,425,000 | 979,000 | 978,000 | 978,000 | 980,000 | 980,000 | 982,000 | 1,174,000 | 1,170,540 | 1,678,740 | — | 1,701,100 | 1,677,160 | 1,654,830 | 1,647,170 | 1,651,740 | 1,636,900 | 1,657,250 | 1,650,930 |
| Total assets | US$ in thousands | 6,973,000 | 7,163,000 | 6,756,000 | 6,630,000 | 6,827,000 | 6,870,000 | 6,525,000 | 6,492,000 | 7,089,000 | 7,258,080 | 7,856,480 | 7,020,920 | 7,309,810 | 7,271,650 | 7,240,770 | 7,292,470 | 7,966,660 | 7,888,980 | 8,979,050 | 9,022,190 |
| Debt-to-assets ratio | 0.17 | 0.20 | 0.14 | 0.15 | 0.14 | 0.14 | 0.15 | 0.15 | 0.17 | 0.16 | 0.21 | 0.00 | 0.23 | 0.23 | 0.23 | 0.23 | 0.21 | 0.21 | 0.18 | 0.18 |
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 shown relative stability over the past eight quarters, ranging from 0.15 to 0.20. This ratio indicates that, on average, Fluor Corporation finances about 15% to 20% of its assets through debt.
A lower debt-to-assets ratio typically suggests lower financial risk, as it indicates that the company relies less on debt financing and has a larger proportion of assets financed by equity. Conversely, a higher ratio may indicate higher financial leverage and potential solvency risks.
The slight fluctuations in Fluor Corporation's debt-to-assets ratio within this range suggest that the company has maintained a relatively conservative approach to debt financing, balancing its capital structure effectively. However, it would be advisable to monitor any sustained trend upwards or downwards in the ratio to assess any significant changes in the company's overall financial health and risk profile.
Peer comparison
Dec 31, 2023