NV5 Global Inc (NVEE)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 833,014 | 823,001 | 802,599 | 783,280 | 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 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $833,014K
= 0.00
Based on the provided data, the debt-to-equity ratio of NV5 Global Inc has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has either no debt or a very minimal amount of debt compared to its equity. This suggests that NV5 Global Inc has been primarily relying on equity financing rather than debt financing to fund its operations and growth.
Having a low or zero debt-to-equity ratio can be viewed positively by investors and creditors as it signifies lower financial risk and indicates that the company may have a strong financial position and healthy balance sheet. NV5 Global Inc's consistent low debt-to-equity ratio may reflect a conservative financial strategy aimed at minimizing financial leverage and interest expenses.
However, it's important to note that a zero debt-to-equity ratio may not always be ideal, as some level of debt can be beneficial for leveraging growth opportunities and tax advantages. Further analysis of the company's overall financial health, liquidity position, profitability, and future growth prospects would provide a more comprehensive assessment of its financial stability and performance.
Peer comparison
Dec 31, 2024