MasTec Inc (MTZ)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,706,150 | 2,703,340 | 2,679,050 | 2,646,300 | 2,737,330 | 2,542,070 | 2,480,830 | 2,508,010 | 2,539,810 | 2,273,180 | 2,158,360 | 2,084,910 | 2,001,920 | 1,873,340 | 1,746,710 | 1,685,510 | 1,787,220 | 1,674,600 | 1,548,120 | 1,431,610 |
| 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, 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 consistently been reported as 0.00 for the periods mentioned in the table. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure or that its debt level is negligible compared to its total capital. This suggests that MasTec Inc relies more on equity financing rather than debt financing to support its operations and investments. Consequently, the company appears to have a strong financial position with a low level of leverage, which can be viewed positively by investors and creditors as it signifies lower financial risk.
Peer comparison
Dec 31, 2023