MasTec Inc (MTZ)
Debt-to-equity 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-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, 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 for all the periods displayed in the table is consistently at 0.00. This indicates that the company has been financing its operations and growth primarily through equity rather than debt. A debt-to-equity ratio of 0.00 signifies that the company has no debt or a negligible amount of debt compared to its equity. This can be perceived as a positive indicator, suggesting a lower financial risk and potential for financial stability as the company is not heavily reliant on borrowed funds. However, it is essential to consider other financial metrics and factors in conjunction with the debt-to-equity ratio to gain a comprehensive understanding of MasTec Inc's financial health and performance.
Peer comparison
Dec 31, 2023