MasTec Inc (MTZ)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 8,975,280 | 8,762,970 | 8,678,990 | 8,745,350 | 9,758,610 | 9,529,730 | 9,287,820 | 9,055,340 | 9,293,260 | 7,475,660 | 7,404,690 | 7,088,000 | 7,121,390 | 6,013,250 | 5,901,630 | 5,538,300 | 5,227,850 | 5,201,750 | 4,989,980 | 4,893,550 |
| 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 |
| Financial leverage ratio | 3.00 | 3.12 | 3.20 | 3.27 | 3.61 | 3.51 | 3.47 | 3.42 | 3.40 | 2.94 | 2.98 | 2.83 | 2.80 | 2.65 | 2.73 | 2.66 | 2.61 | 2.77 | 2.86 | 2.90 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,975,280K ÷ $2,987,340K
= 3.00
The financial leverage ratio of MasTec Inc has shown a fluctuating trend over the past few years based on the provided data. The ratio started at 2.90 on March 31, 2020, decreased to 2.61 by December 31, 2020, and hovered around 2.60s and low 2.70s for the following quarters.
However, there was an uptick in the ratio towards the end of 2022 and into 2023, reaching a peak of 3.61 by December 31, 2023. This increase indicates that MasTec Inc was taking on more debt relative to its equity during this period.
Subsequently, there was a slight decline in the financial leverage ratio to 3.27 by March 31, 2024, followed by a more significant drop to 3.00 by December 31, 2024. This decrease suggests a potential deleveraging or a shift towards a lower reliance on debt to fund its operations or expansion.
Overall, the varying levels of the financial leverage ratio for MasTec Inc reflect changes in the company's capital structure and debt management practices over the analyzed period. Investors and stakeholders may consider monitoring this ratio alongside other financial indicators to assess the company's financial risk and stability.
Peer comparison
Dec 31, 2024