Quanta Services Inc (PWR)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| Financial leverage ratio | 2.55 | 2.67 | 2.43 | 2.45 | 2.59 | 2.54 | 2.58 | 2.55 | 2.50 | 2.56 | 2.55 | 2.53 | 2.51 | 2.31 | 1.94 | 1.96 | 1.93 | 2.01 | 2.07 | 2.17 |
Quanta Services Inc has consistently shown a strong solvency position based on its solvency ratios. The Debt-to-assets ratio has been at 0.00 for all reported periods, indicating that the company has no debt in relation to its total assets. This suggests that Quanta Services Inc has a low financial risk and a healthy balance sheet structure.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio have also remained unchanged at 0.00 across all periods. This implies that the company has not relied on debt to finance its operations or growth, and is mainly funded by its equity capital. This can be seen as a positive sign, as it indicates financial stability and a lower risk of financial distress.
The Financial leverage ratio, which provides insights into the level of debt used to finance the company's assets, has shown some fluctuations but generally remained at a moderate level between 1.93 and 2.67. This indicates that while the company does have some financial leverage, it is not excessive and is being managed prudently.
Overall, based on these solvency ratios, Quanta Services Inc appears to have a robust financial position with low debt levels and a conservative capital structure. This should instill confidence in investors and creditors regarding the company's ability to meet its financial obligations and weather any potential economic downturns.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 6.65 | 6.09 | 6.27 | 6.01 | 5.95 | 6.16 | 5.98 | 6.27 | 6.90 | 6.24 | 6.91 | 7.78 | 9.17 | 12.64 | 14.28 | 14.67 | 13.63 | 11.36 | 9.57 | 8.15 |
Quanta Services Inc's interest coverage ratio has shown fluctuations over the reported periods, ranging from a high of 14.67 in March 31, 2021, to a low of 5.95 in December 31, 2023. The interest coverage ratio measures the company's ability to meet its interest payments on outstanding debt using its operating income. Generally, a higher interest coverage ratio indicates a stronger ability to cover interest expenses.
The trend observed in Quanta Services Inc's interest coverage ratio indicates a relatively healthy financial position, with the ratio consistently above 1, indicating that the company's earnings are sufficient to cover its interest payments. However, the decreasing trend in the ratio from 2021 onwards suggests a potential increase in interest expenses relative to operating income, which could be a point of concern.
It's important for investors and stakeholders to closely monitor Quanta Services Inc's interest coverage ratio to ensure the company remains capable of meeting its interest obligations in the long run. Additionally, management may need to carefully manage debt levels and interest costs to maintain a healthy interest coverage ratio and financial stability.