Quanta Services Inc (PWR)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 6,272,240 | 5,383,460 | 5,112,300 | 4,344,180 | 4,050,290 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,272,240K
= 0.00
The debt-to-equity ratio of Quanta Services, Inc. has shown fluctuations over the past five years. In 2023, the ratio stands at 0.67, a decrease from the previous year's ratio of 0.69. This indicates that the company has a lower level of financial leverage in 2023 compared to 2022.
Looking back further, the ratio was higher in 2021 at 0.73, showing an increase in leverage from the previous year. However, the ratio significantly dropped in 2020 to 0.27 before slightly increasing to 0.34 in 2019.
Overall, the trend in the debt-to-equity ratio suggests that Quanta Services, Inc. has managed its debt levels relative to equity in a somewhat volatile manner over the past five years. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's financial risk and capital structure sustainability.
Peer comparison
Dec 31, 2023