NV5 Global Inc (NVEE)
Debt-to-equity 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-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 | 0.72 | 0.00 | 0.00 | 0.00 | 0.94 | 0.12 | 0.12 | 0.10 |
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 varying trends over the past several quarters. From December 2019 to March 2021, the ratio was relatively low, ranging from 0.10 to 0.72, indicating a conservative capital structure with low debt levels compared to equity.
However, in December 2021, the debt-to-equity ratio increased significantly to 0.94, suggesting a higher reliance on debt to finance operations or investments. This spike in the ratio could be a result of increased borrowing for expansion or other strategic initiatives during that period.
Subsequently, from March 2022 to December 2023, the debt-to-equity ratio decreased to 0.00, reflecting a reduction in debt relative to equity or a potential increase in equity through retained earnings or other capital infusions.
Overall, the trend in NV5 Global Inc's debt-to-equity ratio indicates fluctuations in the company's leverage levels and capital structure over the analyzed periods. It is essential for stakeholders to monitor these changes in the ratio to assess the company's financial health, risk exposure, and capital management strategies.
Peer comparison
Dec 31, 2023