Quanta Services Inc (PWR)
Debt-to-assets 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 assets | US$ in thousands | 18,683,900 | 18,866,300 | 15,929,200 | 15,542,400 | 16,237,200 | 15,188,400 | 14,740,800 | 14,039,100 | 13,464,300 | 13,296,600 | 13,049,600 | 13,015,100 | 12,855,200 | 10,675,700 | 8,720,600 | 8,557,410 | 8,398,270 | 8,325,490 | 8,089,630 | 8,228,940 |
| Debt-to-assets 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-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $18,683,900K
= 0.00
The debt-to-assets ratio for Quanta Services Inc has consistently remained at 0.00 for all quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not had any debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 implies that the company's assets have been primarily financed through equity rather than debt. This can be seen as a positive indicator as it suggests a lower financial risk for the company since it is not reliant on borrowed funds to support its operations and investments. However, it's important to consider that a low debt-to-assets ratio may also indicate missed opportunities for leveraging debt to potentially enhance returns on equity.
Peer comparison
Dec 31, 2024