MasTec Inc (MTZ)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 9,373,510 | 9,529,730 | 9,287,800 | 9,055,340 | 9,293,260 | 7,475,700 | 7,404,700 | 7,088,000 | 7,121,400 | 6,013,250 | 5,901,630 | 5,538,300 | 5,227,900 | 5,201,750 | 4,989,980 | 4,893,500 | 4,997,000 | 4,858,650 | 4,797,400 | 4,860,390 |
| 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, 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 reported as 0.00 for the past several quarters analyzed. This indicates that MasTec Inc has no debt in relation to its total assets during these periods. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, with no reliance on debt financing. This can be seen as a positive sign of financial strength and stability, as it suggests that MasTec Inc has a strong equity position and is not burdened by excessive debt obligations. Investors and creditors may view a low or zero debt-to-assets ratio favorably, as it implies a lower financial risk and potentially higher solvency for the company.
Peer comparison
Dec 31, 2023