MYR Group Inc (MYRG)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 29,188 | 35,479 | 3,464 | 25,039 | 157,087 |
| Total stockholders’ equity | US$ in thousands | 651,202 | 560,200 | 519,102 | 429,288 | 364,471 |
| Debt-to-equity ratio | 0.04 | 0.06 | 0.01 | 0.06 | 0.43 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $29,188K ÷ $651,202K
= 0.04
The debt-to-equity ratio of MYR Group Inc has exhibited variability over the past five years. In 2023, the ratio decreased to 0.06 from 0.08 in 2022, indicating a lower level of debt relative to equity. This could suggest improved financial stability or a more conservative capital structure. The ratio in 2021 was exceptionally low at 0.01, implying minimal debt compared to equity, which could signal strong financial health and a lower risk level. However, in 2020, the ratio increased to 0.07, indicating a higher proportion of debt relative to equity, which may raise concerns about leverage and financial risk. The highest ratio was observed in 2019 at 0.46, signifying a significant amount of debt compared to equity, which could indicate higher financial risk and leverage at that time. Overall, the trend in the debt-to-equity ratio for MYR Group Inc shows fluctuations, and investors and analysts may need to further investigate the reasons behind these changes to assess the company's financial position and risk profile accurately.
Peer comparison
Dec 31, 2023