NV5 Global Inc (NVEE)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 283,326 | — | — | — | 332,854 | 40,638 | 40,189 | 31,301 |
| Total assets | US$ in thousands | 1,170,590 | 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 | 893,137 | 625,693 | 504,447 | 476,697 |
| 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 | 0.32 | 0.00 | 0.00 | 0.00 | 0.37 | 0.06 | 0.08 | 0.07 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,170,590K
= 0.00
The debt-to-assets ratio of NV5 Global Inc has been relatively low and stable over the past few quarters. It remained at 0.00 from December 2019 to March 2022, indicating that the company had either no debt or very minimal debt in relation to its total assets during that period.
There was a slight increase in the ratio in the fourth quarter of 2022 to 0.32, suggesting that the company may have taken on some debt relative to its assets. However, this increase was likely temporary as the ratio returned to 0.00 in the subsequent quarters.
The most recent ratio for December 2023 also stood at 0.00, indicating that the company's debt levels remain minimal or non-existent compared to its total assets. Overall, the trend in the debt-to-assets ratio suggests that NV5 Global Inc has maintained a conservative approach to leverage and has not heavily relied on debt financing to support its operations.
Peer comparison
Dec 31, 2023