Quanta Services Inc (PWR)

Debt-to-equity 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-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 0.46 0.40 0.36

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,272,240K
= 0.00

Quanta Services, Inc.'s debt-to-equity ratio has been relatively stable over the past eight quarters, ranging from 0.67 to 0.76. The ratio indicates that the company has been using a moderate amount of debt to finance its operations compared to the equity portion. A decreasing trend in the ratio from Q2 2023 to Q1 2023 suggests a slight improvement in the company's leverage position during that period. However, the ratio increased again in Q2 2023 before stabilizing in Q3 and Q4 2023. Overall, the company has maintained a balanced mix of debt and equity in its capital structure, which can be seen as a prudent financial strategy to manage risk and support growth.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-equity ratio
Quanta Services Inc
PWR
0.00
Comfort Systems USA Inc
FIX
0.03
EMCOR Group Inc
EME
0.00