MasTec Inc (MTZ)
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 | — | — | — | — | — |
| Total assets | US$ in thousands | 9,373,510 | 9,293,260 | 7,121,400 | 5,227,900 | 4,997,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,373,510K
= 0.00
The debt-to-assets ratio for MasTec Inc has consistently been 0.00 for the past five years, including the most recent data as of December 31, 2023. This indicates that the company has not utilized any debt to finance its assets during this period. From an analysis perspective, a debt-to-assets ratio of 0.00 suggests that MasTec Inc has relied solely on equity financing to support its operations and investments. This may reflect a strong financial position with ample liquidity or a strategic preference for minimizing debt levels to reduce financial risk. However, it is essential to consider other financial metrics and factors in conjunction with the debt-to-assets ratio to gain a comprehensive understanding of MasTec Inc's overall financial health and performance.
Peer comparison
Dec 31, 2023