MYR Group Inc (MYRG)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 600,360 | 588,509 | 633,342 | 663,720 | 651,202 | 625,459 | 604,300 | 577,565 | 560,200 | 535,877 | 531,082 | 536,278 | 519,102 | 496,176 | 471,625 | 448,460 | 429,288 | 408,600 | 389,446 | 374,982 |
| Debt-to-capital 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, 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 consistently remained at 0.00 from March 31, 2020, up to December 31, 2024. This indicates that the company has not used debt as a significant component of its capital structure during this period. A debt-to-capital ratio of 0.00 means that the company's capital is entirely funded by equity, showing a low financial risk and a stable financial position. It suggests that MYR Group Inc has little to no financial leverage and is not heavily reliant on external borrowing to finance its operations and investments.
Peer comparison
Dec 31, 2024