MYR Group Inc (MYRG)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,574,060 | 1,593,060 | 1,583,240 | 1,583,490 | 1,612,550 | 1,560,730 | 1,464,800 | 1,360,240 | 1,398,860 | 1,329,960 | 1,264,370 | 1,205,580 | 1,121,090 | 1,063,830 | 1,050,830 | 1,019,250 | 995,859 | 1,018,910 | 950,086 | 993,246 |
| 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 |
| Financial leverage ratio | 2.62 | 2.71 | 2.50 | 2.39 | 2.48 | 2.50 | 2.42 | 2.36 | 2.50 | 2.48 | 2.38 | 2.25 | 2.16 | 2.14 | 2.23 | 2.27 | 2.32 | 2.49 | 2.44 | 2.65 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,574,060K ÷ $600,360K
= 2.62
Based on the financial leverage ratio data provided for MYR Group Inc, we can observe fluctuations in the ratio over the period from March 31, 2020, to December 31, 2024. The financial leverage ratio measures the proportion of the company's debt to its equity, indicating the extent to which the company is using debt to finance its operations.
From March 31, 2020, to September 30, 2021, the financial leverage ratio showed a declining trend, decreasing from 2.65 to 2.14. This may indicate a reduction in the company's reliance on debt financing during this period. However, from December 31, 2021, to September 30, 2024, the ratio experienced some fluctuations, reaching a peak of 2.71 on September 30, 2024.
The data suggests that MYR Group Inc's financial leverage ratio has been relatively stable, staying within the range of 2.14 to 2.71. It is important to note that a higher financial leverage ratio indicates a higher level of financial risk due to increased debt obligations. Companies with higher ratios may face challenges in meeting their debt obligations, especially in times of economic uncertainty or financial distress.
Peer comparison
Dec 31, 2024