NV5 Global Inc (NVEE)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.72 | 0.94 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $775,795K
= 0.00
The debt-to-equity ratio of NV5 Global Inc has shown a decreasing trend over the past five years, with values of 0.72 in 2020 and 0.94 in 2019, indicating a higher proportion of debt relative to equity in those years. However, in the most recent three years (2021-2023), the company has reported a debt-to-equity ratio of 0.00, suggesting that NV5 Global Inc has either reduced its debt levels significantly or has increased its equity base during this period.
A debt-to-equity ratio of 0.00 signifies that the company has no debt or a negligible amount compared to its equity. This can be seen as a positive indicator of financial health, as having minimal debt can provide greater financial flexibility and lower financial risk. It indicates that the company may be relying more on equity financing or operating profits to fund its operations and growth initiatives.
Overall, the declining trend in the debt-to-equity ratio, coupled with the recent values of 0.00, suggests that NV5 Global Inc has taken steps to strengthen its balance sheet, reduce its reliance on debt, and improve its overall financial stability in the last few years.
Peer comparison
Dec 31, 2023