MasTec Inc (MTZ)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,706,150 | 2,737,330 | 2,539,810 | 2,001,920 | 1,787,220 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,706,150K)
= 0.00
The debt-to-capital ratio for MasTec Inc has been consistently reported as 0.00 for the past five years, from 2019 to 2023. This indicates that the company has not utilized any debt in its capital structure over this period. A debt-to-capital ratio of 0.00 signifies that the company's capital is entirely funded by equity rather than debt. While this may indicate a conservative approach to financing, it is essential to consider other factors such as the company's growth strategy, profitability, and overall financial health when evaluating its capital structure.
Peer comparison
Dec 31, 2023