MasTec Inc (MTZ)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,987,340K
= 0.00
The debt-to-equity ratio of MasTec Inc has consistently been recorded as 0.00 for the periods from March 31, 2020, to December 31, 2024. This indicates that the company has had no debt in relation to its equity during this time frame. A debt-to-equity ratio of 0.00 signifies that MasTec has been relying solely on equity financing and has not taken on any debt to fund its operations or growth. It suggests a conservative approach to financial management, as lower debt levels can reduce financial risk and provide more financial flexibility. However, it is important to note that while a low debt-to-equity ratio can be advantageous in terms of financial stability, it may also potentially limit the company's ability to leverage debt for strategic investments or expansion.
Peer comparison
Dec 31, 2024