MasTec Inc (MTZ)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 8,975,280 | 8,762,970 | 8,678,990 | 8,745,350 | 9,758,610 | 9,529,730 | 9,287,820 | 9,055,340 | 9,293,260 | 7,475,660 | 7,404,690 | 7,088,000 | 7,121,390 | 6,013,250 | 5,901,630 | 5,538,300 | 5,227,850 | 5,201,750 | 4,989,980 | 4,893,550 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 has consistently maintained a debt-to-assets ratio of 0.00 over the period from March 31, 2020, to December 31, 2024. This indicates that the company has not used debt to finance its assets during this time frame. A debt-to-assets ratio of 0.00 implies that MasTec has financed its assets entirely through equity or internal funds, which could be a positive sign as it indicates a lower financial risk and a strong financial position. Investors and creditors generally view a lower debt-to-assets ratio favorably, as it suggests that the company may have more financial flexibility and stability.
Peer comparison
Dec 31, 2024