MasTec Inc (MTZ)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 8,975,280 | 9,373,510 | 9,293,260 | 7,121,390 | 5,227,850 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $8,975,280K
= 0.00
MasTec Inc's debt-to-assets ratio has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its operations and investments during this period. A debt-to-assets ratio of 0.00 signifies that the company's total debt is negligible in comparison to its total assets, suggesting a strong financial position and minimal financial risk associated with debt obligations. Consequently, MasTec Inc appears to rely more on equity financing rather than debt financing in its capital structure.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
MasTec Inc
MTZ
0.00
Dycom Industries Inc
DY
0.00
MYR Group Inc
MYRG
0.00