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

Company name
Symbol
Debt-to-assets ratio
Quanta Services Inc
PWR
0.00
Comfort Systems USA Inc
FIX
0.01
EMCOR Group Inc
EME
0.00