Quanta Services Inc (PWR)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 7,317,730 | 7,070,620 | 6,567,640 | 6,356,620 | 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 |
| Debt-to-equity 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 | 0.00 | 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 over the past several quarters, indicating that the company has no debt on its balance sheet relative to its equity. This suggests that Quanta Services Inc relies primarily on equity financing rather than debt to fund its operations and investments. A debt-to-equity ratio of 0.00 is considered very low and reflects a strong financial position with minimal financial leverage. While a lower debt-to-equity ratio generally signifies lower financial risk, it can also indicate missed opportunities for potential growth through strategic debt utilization. Investors and stakeholders may view this ratio positively as it signals financial stability and solvency.
Peer comparison
Dec 31, 2024