MasTec Inc (MTZ)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,911,860K
= 0.00
MasTec Inc has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its operations, resulting in a capital structure primarily reliant on equity. The absence of debt in the capital structure suggests a lower financial risk for the company, as it does not have significant debt obligations to service. This may reflect a conservative financing strategy or a strong ability to generate internal funds to support its operations and growth initiatives.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-equity ratio
MasTec Inc
MTZ
0.00
Dycom Industries Inc
DY
0.00
MYR Group Inc
MYRG
0.00