Quanta Services Inc (PWR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 6,272,240 | 5,987,310 | 5,720,930 | 5,513,420 | 5,383,460 | 5,196,050 | 5,127,020 | 5,137,520 | 5,112,300 | 4,630,710 | 4,486,730 | 4,374,940 | 4,344,180 | 4,151,950 | 3,914,430 | 3,790,490 | 4,050,290 | 3,907,410 | 3,774,920 | 3,723,740 |
| Debt-to-capital 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 | 0.32 | 0.29 | 0.27 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,272,240K)
= 0.00
Quanta Services, Inc.'s debt-to-capital ratio has remained relatively stable in recent quarters, hovering around the 0.40 to 0.43 range. This ratio indicates that the company relies on debt to finance approximately 40% to 43% of its capital structure.
A debt-to-capital ratio of 0.40 to 0.43 suggests that Quanta Services has a moderate level of leverage, balancing its capital structure between debt and equity. This approach allows the company to benefit from the tax advantages of debt financing while still maintaining a significant portion of equity in its capital base.
Consistent debt-to-capital ratios across quarters indicate that Quanta Services has managed its capital structure effectively and maintained a relatively stable level of debt relative to its total capital. However, it is important for investors and creditors to continue monitoring this ratio to ensure that the company's debt levels remain sustainable and in line with its overall financial health and strategic goals.
Peer comparison
Dec 31, 2023