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