NV5 Global Inc (NVEE)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 283,326 | 332,854 |
| Total stockholders’ equity | US$ in thousands | 775,795 | 694,240 | 624,720 | 394,069 | 355,963 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.42 | 0.48 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $775,795K)
= 0.00
The debt-to-capital ratio for NV5 Global Inc has shown a consistent decline over the past five years, reaching 0.00 at the end of 2023. This ratio indicates that the company has not relied on debt to finance its operations during this period. The significant reduction from 0.48 in 2019 to 0.00 in 2023 highlights a strong improvement in the company's capital structure and reduced reliance on debt financing. This trend suggests that NV5 Global Inc has been successful in managing its debt levels and maintaining a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2023