NV5 Global Inc (NVEE)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,315,360 | 1,170,590 | 935,723 | 961,943 | 881,175 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,315,360K
= 0.00
The debt-to-assets ratio for NV5 Global Inc has been consistently at 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt financing to fund its operations or investments during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily financed by equity, which can be seen as a positive sign as it indicates a lower financial risk and potentially greater financial stability. Overall, NV5 Global Inc's strong financial position and low reliance on debt funding may position it well to weather economic downturns and pursue growth opportunities.
Peer comparison
Dec 31, 2024