NV5 Global Inc (NVEE)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,315,360 | 1,293,200 | 1,234,380 | 1,211,960 | 1,241,200 | 1,205,960 | 1,167,830 | 1,089,870 | 935,723 | 962,139 | 946,960 | 959,853 | 961,943 | 960,884 | 933,403 | 896,331 | 881,175 | 883,324 | 897,115 | 891,418 |
| 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 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,315,360K
= 0.00
The debt-to-assets ratio of NV5 Global Inc has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not had any debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, implying a conservative financial structure with low financial risk. NV5 Global Inc's ability to operate with minimal debt obligations suggests a strong financial position and potentially lower interest expenses, which could enhance profitability and shareholder value in the long term.
Peer comparison
Dec 31, 2024