MYR Group Inc (MYRG)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,574,060 | 1,578,750 | 1,398,860 | 1,121,090 | 995,859 |
| Total stockholders’ equity | US$ in thousands | 600,360 | 651,202 | 560,200 | 519,102 | 429,288 |
| Financial leverage ratio | 2.62 | 2.42 | 2.50 | 2.16 | 2.32 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,574,060K ÷ $600,360K
= 2.62
The financial leverage ratio of MYR Group Inc has shown some fluctuations over the years. As of December 31, 2020, the ratio stood at 2.32, indicating that the company had $2.32 of debt for every $1 of equity. By December 31, 2021, the ratio had decreased to 2.16, suggesting a slight improvement in the company's leverage position.
However, the financial leverage ratio increased to 2.50 by December 31, 2022, and then slightly declined to 2.42 by December 31, 2023. This indicates that the company's debt levels relative to equity have been fluctuating during these years.
As of the most recent data available on December 31, 2024, the financial leverage ratio increased to 2.62, suggesting a higher level of debt compared to equity. Overall, MYR Group Inc's financial leverage ratio has fluctuated over the years, and investors and stakeholders may want to monitor this ratio closely to assess the company's leverage position and financial risk.
Peer comparison
Dec 31, 2024