MasTec Inc (MTZ)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,911,860 | 2,706,150 | 2,737,330 | 2,543,860 | 2,005,520 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,911,860K)
= 0.00
The debt-to-capital ratio for MasTec Inc has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that MasTec has been financing its operations and growth primarily through equity rather than debt during this period. A debt-to-capital ratio of 0.00 suggests that the company has no debt relative to its total capital, which may indicate a strong financial position and lower financial risk. However, it is essential to consider other financial metrics and factors to get a comprehensive view of MasTec's overall financial health and performance.
Peer comparison
Dec 31, 2024