Quanta Services Inc (PWR)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1,810,480 | 1,517,270 | 1,345,000 |
| Total assets | US$ in thousands | 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 | 8,331,680 | 8,865,090 | 8,021,820 | 7,652,520 |
| 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 | 0.20 | 0.19 | 0.18 |
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 been relatively stable over the past eight quarters, ranging between 0.26 and 0.30. This ratio indicates that, on average, the company finances approximately 26% to 30% of its assets through debt, with the remaining funded by equity.
A consistent debt-to-assets ratio suggests that Quanta Services has a balanced capital structure, utilizing a mix of debt and equity to support its operations and investments. The slight fluctuations in the ratio from quarter to quarter are typical and may reflect variations in the company's borrowing activities or asset base during those periods.
Overall, a debt-to-assets ratio in this range indicates that Quanta Services has a moderate level of financial leverage and is not overly reliant on debt to fund its operations. This is generally viewed as a positive sign of financial stability and sound capital management.
Peer comparison
Dec 31, 2023