MasTec Inc (MTZ)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 3.08 | 3.46 | 3.40 | 2.80 | 2.61 |
MasTec Inc has maintained a strong solvency position over the years, as indicated by its consistently low debt-to-assets, debt-to-capital, and debt-to-equity ratios. These ratios have all remained at 0.00 from December 31, 2020, to December 31, 2024, suggesting that the company has either no debt or a minimal amount relative to its assets, capital, and equity.
However, the financial leverage ratio has shown some fluctuation during the same period, increasing from 2.61 in 2020 to 3.46 in 2023, before slightly decreasing to 3.08 by the end of 2024. This indicates an increase in the company's financial leverage over the years, although it remains at a moderate level.
Overall, MasTec Inc's solvency ratios suggest a financially stable position with low debt levels in relation to its assets, capital, and equity. The varying financial leverage ratio highlights a slight increase in leverage but still within acceptable limits.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 2.30 | 0.65 | 1.38 | 9.05 | 12,252.53 |
MasTec Inc's interest coverage ratio has experienced a significant decline over the years, from 12,252.53 in December 2020 to 9.05 in December 2021, and further dropping to 1.38 in December 2022. This indicates that the company's ability to cover its interest expenses with operating profits has weakened considerably. The ratio of 1.38 in December 2022 suggests that MasTec Inc may face challenges in meeting its interest obligations from its operational earnings alone. It will be crucial for the company to closely monitor its financial position and profitability to ensure sustainable operations and liquidity in the future.