MasTec Inc (MTZ)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,706,150K
= 0.00
The debt-to-equity ratio of MasTec Inc has consistently been 0.00 from 2019 to 2023. This implies that the company has not utilized any debt financing to fund its operations, and its shareholders' equity fully finances its assets. A debt-to-equity ratio of 0.00 indicates a conservative capital structure, with lower financial risk as there is no financial leverage in play. MasTec Inc's consistent zero debt-to-equity ratio over the years suggests a prudent financial management strategy focused on minimizing financial risk and maintaining a strong balance sheet position. However, it is essential to consider that a zero debt-to-equity ratio may also indicate missed opportunities to potentially leverage debt for growth or expansion initiatives.
Peer comparison
Dec 31, 2023