Quanta Services Inc (PWR)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 18,683,900 | 16,237,200 | 13,464,300 | 12,855,200 | 8,398,270 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $18,683,900K
= 0.00
Quanta Services Inc has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020 to December 31, 2024. This indicates that the company has financed its assets entirely with equity rather than debt during this period. A debt-to-assets ratio of 0.00 suggests that Quanta Services Inc has a strong financial position with low financial risk and is not relying on borrowed funds to fund its operations and investments. This may be viewed positively by investors and creditors as it indicates a conservative approach to capital structure and financial management.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Quanta Services Inc
PWR
0.00
Comfort Systems USA Inc
FIX
0.00
EMCOR Group Inc
EME
0.00