MYR Group Inc (MYRG)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $600,360K
= 0.00

The debt-to-equity ratio of MYR Group Inc has been consistently calculated at 0.00 for the years 2020, 2021, 2022, 2023, and 2024. This indicates that the company has either no debt or negligible debt in relation to its shareholder equity during these periods. A debt-to-equity ratio of 0.00 signifies a conservative financial structure where the company relies more on equity financing rather than debt financing. This could imply that MYR Group Inc may have a strong financial position, solid equity base, or a strategic aversion to taking on significant levels of debt.

Peer comparison

Dec 31, 2024

Company name

Symbol

Debt-to-equity ratio

MYR Group Inc

MYRG

0.00