MasTec Inc (MTZ)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 9,373,510 | 9,529,730 | 9,287,800 | 9,055,340 | 9,293,260 | 7,475,700 | 7,404,700 | 7,088,000 | 7,121,400 | 6,013,250 | 5,901,630 | 5,538,300 | 5,227,900 | 5,201,750 | 4,989,980 | 4,893,500 | 4,997,000 | 4,858,650 | 4,797,400 | 4,860,390 |
| 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 |
| Financial leverage ratio | 3.46 | 3.53 | 3.47 | 3.42 | 3.40 | 2.94 | 2.98 | 2.83 | 2.80 | 2.65 | 2.73 | 2.66 | 2.61 | 2.78 | 2.86 | 2.90 | 2.80 | 2.90 | 3.10 | 3.40 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,373,510K ÷ $2,706,150K
= 3.46
MasTec Inc has shown a fluctuating trend in its financial leverage ratio over the past few quarters. The financial leverage ratio measures the extent to which a company relies on debt financing versus equity to fund its operations. MasTec Inc's financial leverage ratio has generally been increasing, indicating a greater reliance on debt to finance its operations.
In the most recent quarter, the financial leverage ratio stood at 3.46, which was a slight decrease from the previous quarter's ratio of 3.53. This suggests a slightly lower level of debt usage compared to the previous quarter. However, the ratio remains relatively high, indicating that MasTec Inc continues to have a significant amount of debt in its capital structure.
Looking back over the past few years, there has been a noticeable upward trend in the financial leverage ratio, indicating a gradual increase in the company's debt levels relative to its equity. It is important to closely monitor this trend to ensure that MasTec Inc maintains a sustainable level of debt and remains able to meet its financial obligations in the long term.
Investors and stakeholders should pay close attention to MasTec Inc's ability to manage its debt levels and maintain a healthy balance between debt and equity financing to support its growth and profitability in the future.
Peer comparison
Dec 31, 2023