Sterling Construction Company Inc (STRL)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,016,770 | 1,777,180 | 1,441,620 | 1,234,770 | 952,694 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,016,770K
= 0.00
The debt-to-assets ratio for Sterling Construction Company Inc. is reported as zero for each of the analyzed periods—from December 31, 2020, through December 31, 2024. This consistent value indicates that the company has maintained an entirely debt-free capital structure during this timeframe.
The absence of debt in the company's asset composition suggests a conservative approach to financial leverage, with the company potentially relying entirely on equity to finance its assets. Such a capital structure reduces financial risk associated with debt obligations and interest commitments; however, it may also imply limited leverage to enhance growth opportunities through debt financing.
Overall, the persistent zero debt-to-assets ratio highlights a stable and low-risk profile concerning leverage, reflecting a strategic choice to operate without debt.
Peer comparison
Dec 31, 2024