MasTec Inc (MTZ)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,987,340 | 2,809,670 | 2,714,360 | 2,674,260 | 2,706,150 | 2,713,720 | 2,679,050 | 2,646,300 | 2,737,330 | 2,542,070 | 2,480,830 | 2,508,010 | 2,543,860 | 2,273,180 | 2,161,370 | 2,084,910 | 2,005,520 | 1,877,140 | 1,746,710 | 1,685,510 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,987,340K)
= 0.00
MasTec Inc's debt-to-capital ratio has consistently remained at 0.00 over the analyzed period from March 31, 2020, to December 31, 2024. This indicates that the company has not used debt significantly in its capital structure and has primarily relied on equity financing. A debt-to-capital ratio of 0.00 implies that the company's total debt is either very low or non-existent in relation to its total capital, which consists of both debt and equity. While a low debt-to-capital ratio can signify financial strength and stability as the company is not heavily leveraged, it may also suggest missed opportunities for leveraging debt for potential growth or tax benefits. Further analysis of MasTec Inc's overall financial health and risk profile would be necessary to understand the implications of its consistently low debt-to-capital ratio.
Peer comparison
Dec 31, 2024