MYR Group Inc (MYRG)
Debt-to-equity ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 29,188 | 57,073 | 39,950 | 20,498 | 35,479 | 80,852 | 54,381 | 48,657 | 3,464 | 3,986 | 7,235 | 25,039 | 25,039 | 65,876 | 74,782 | 153,257 | 157,087 | 171,638 | 99,623 | 106,204 |
| Total stockholders’ equity | US$ in thousands | 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 | 364,471 | 350,568 | 339,039 | 330,727 |
| Debt-to-equity ratio | 0.04 | 0.09 | 0.07 | 0.04 | 0.06 | 0.15 | 0.10 | 0.09 | 0.01 | 0.01 | 0.02 | 0.06 | 0.06 | 0.16 | 0.19 | 0.41 | 0.43 | 0.49 | 0.29 | 0.32 |
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 shown fluctuations in recent quarters. In Q4 2023, the ratio decreased to 0.06 from 0.10 in the previous quarter, indicating a lower level of debt relative to equity. This suggests that the company has reduced its reliance on debt financing compared to the previous quarter. However, the ratio was higher in Q3 2023 at 0.10, compared to 0.08 in Q2 2023 and 0.05 in Q1 2023.
Looking back at Q4 2022, the debt-to-equity ratio was 0.08, which was slightly lower than in Q2 2022 and Q1 2022 where the ratio was 0.17 and 0.11 respectively. This suggests that MYR Group Inc has been managing its debt levels more efficiently in the recent quarters.
Overall, the trend in the debt-to-equity ratio indicates that MYR Group Inc has been maintaining a relatively conservative capital structure, with a lower reliance on debt financing. It is important to monitor this ratio in future quarters to assess the company's ongoing financial leverage and risk management strategies.
Peer comparison
Dec 31, 2023