Quanta Services Inc (PWR)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 16,237,200 | 13,464,300 | 12,855,200 | 8,398,270 | 8,331,680 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $16,237,200K
= 0.00
The debt-to-assets ratio of Quanta Services, Inc. has shown fluctuations over the past five years. In 2023, the ratio decreased to 0.26 from 0.28 in 2022, indicating that the company had lower debt relative to its total assets. Compared to 2021 and 2020, where the ratios were 0.29 and 0.14, respectively, the 2023 ratio reflects a moderate level of debt financing. Similarly, the ratio in 2019 was slightly higher at 0.16.
Overall, the trend in the debt-to-assets ratio indicates that Quanta Services, Inc. has been effectively managing its debt levels in recent years, maintaining a relatively stable financial position with regards to leveraging its assets. However, it is important for investors and stakeholders to consider other factors along with this ratio to gain a more comprehensive understanding of the company's financial health and risk profile.
Peer comparison
Dec 31, 2023