MYR Group Inc (MYRG)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
MYR Group Inc's solvency ratios indicate a consistent and stable financial position over the analyzed period. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all remained at 0.00, suggesting that the company has not been reliant on debt to finance its operations and investments.
The financial leverage ratio has shown some fluctuations but generally remained within a narrow range between 2.14 and 2.71. This indicates that the company has been able to manage its debt levels effectively in relation to its equity, without taking on excessive financial risk.
Overall, based on the solvency ratios, MYR Group Inc appears to have a strong financial foundation and sound financial management practices, which bodes well for its long-term stability and viability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7.92 | 9.48 | 12.64 | 22.46 | 25.28 | 28.44 | 28.58 | 30.98 | 31.58 | 41.26 | 62.92 | 63.60 | 64.18 | 53.16 | 39.98 | 30.01 | 20.69 | 17.61 | 12.09 | 10.77 |
The interest coverage ratio of MYR Group Inc has shown a strong improving trend from March 31, 2020, to June 30, 2022, indicating the company's ability to meet its interest obligations from its operating income. However, from September 30, 2022, to December 31, 2024, the interest coverage ratio has been decreasing steadily. This declining trend suggests that MYR Group Inc may be experiencing some challenges in generating enough operating income to cover its interest expenses, which could potentially impact its financial stability and risk profile. Therefore, it is important for stakeholders to closely monitor the company's financial performance and leverage levels in the coming periods to ensure its long-term sustainability.