MYR Group Inc (MYRG)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 600,360 | 651,202 | 560,200 | 519,102 | 429,288 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $600,360K)
= 0.00
The debt-to-capital ratio of MYR Group Inc has been consistently at 0.00 for the years ending on December 31, 2020, 2021, 2022, 2023, and 2024. This indicates that the company has not utilized any debt to finance its operations and investments during these years. A debt-to-capital ratio of 0.00 signifies that all of the company's capital is derived from equity, which can be viewed positively by investors and creditors as it suggests lower financial risk and potential stability in the company's financial structure. However, it is important to consider that a very low debt-to-capital ratio may also imply potential missed opportunities for leveraging debt for growth or tax benefits. Further analysis of the company's financial strategy and capital structure may provide additional insights into its overall financial health and risk profile.
Peer comparison
Dec 31, 2024