NV5 Global Inc (NVEE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 775,795 | 759,917 | 741,148 | 719,870 | 694,240 | 682,357 | 660,943 | 639,503 | 624,720 | 604,122 | 585,986 | 547,189 | 394,069 | 384,565 | 372,370 | 364,366 | 355,963 | 348,067 | 339,001 | 326,171 |
| 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 | 0.42 | 0.00 | 0.00 | 0.00 | 0.48 | 0.10 | 0.11 | 0.09 |
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 of NV5 Global Inc has shown fluctuations over the past few periods. From December 31, 2019, to March 31, 2022, the ratio was relatively stable, ranging from 0.09 to 0.48. However, there was a significant increase to 0.42 reported on December 31, 2022, followed by a return to lower levels in subsequent quarters. Notably, from March 31, 2023, to December 31, 2023, the ratio dropped back to 0.00, indicating that the company's debt relative to its capital decreased significantly during this period. It is essential for stakeholders to closely monitor this ratio to assess NV5 Global Inc's leverage and financial risk levels.
Peer comparison
Dec 31, 2023