Quanta Services Inc (PWR)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 7,317,730 | 6,272,240 | 5,383,460 | 5,112,300 | 4,344,180 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $7,317,730K
= 0.00
Quanta Services Inc has consistently maintained a debt-to-equity ratio of 0.00 across the years 2020 to 2024. This indicates that the company has no long-term debt on its balance sheet during this period and is primarily financed through equity. A debt-to-equity ratio of 0.00 suggests a conservative financial structure, where the company relies more on internal sources of funding rather than external borrowings for its operations and growth. This can be viewed positively by investors and creditors as it signifies a lower risk of financial distress and the ability to manage its capital structure effectively.
Peer comparison
Dec 31, 2024