MYR Group Inc (MYRG)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,574,060 | 1,578,750 | 1,398,860 | 1,121,090 | 995,859 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,574,060K
= 0.00
Based on the data provided, MYR Group Inc has consistently maintained a debt-to-assets ratio of 0.00 over the years from 2020 to 2024. This indicates that the company has not utilized debt as a significant source of financing its assets. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily financed by equity rather than debt, which could be viewed positively by investors and creditors as it signifies a low financial risk and strong financial stability. However, it is important to note that having a low debt-to-assets ratio may also imply potential missed opportunities for leveraging debt for growth or potentially higher returns. Overall, the stable 0.00 debt-to-assets ratio of MYR Group Inc indicates a conservative approach to capital structure and financial management.
Peer comparison
Dec 31, 2024