Tetra Tech Inc (TTEK)
Debt-to-capital ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 861,830 | 951,031 | 945,319 | 879,529 | 906,875 | 1,065,000 | 234,120 | 246,250 | 234,375 | 237,500 | 246,875 | 200,000 | 234,020 | 238,339 | 275,983 | 242,395 | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,830,320 | 1,666,140 | 1,584,790 | 1,537,610 | 1,403,430 | 1,452,720 | 1,355,600 | 1,323,910 | 1,183,090 | 1,205,010 | 1,244,600 | 1,237,880 | 1,234,240 | 1,192,400 | 1,147,150 | 1,105,190 | 1,037,320 | 992,894 | 950,108 | 1,026,590 |
| Debt-to-capital ratio | 0.00 | 0.34 | 0.38 | 0.38 | 0.39 | 0.38 | 0.44 | 0.15 | 0.17 | 0.16 | 0.16 | 0.17 | 0.14 | 0.16 | 0.17 | 0.20 | 0.19 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,830,320K)
= 0.00
The debt-to-capital ratio of Tetra Tech Inc has displayed a fluctuating trend over the past few years. In the most recent period ending September 30, 2024, the company reported a debt-to-capital ratio of 0.00, indicating a capital structure free of debt. This is a significant shift from the previous quarter, where the ratio stood at 0.34, highlighting a substantial decrease in reliance on debt in the capital structure.
Despite this recent change, looking back over the past several quarters, the company has generally maintained a moderately consistent level of indebtedness, with ratios ranging from 0.15 to 0.44. The ratios have hovered around the mid to high 0.30s in some periods, indicating a moderate level of debt in relation to the overall capital structure.
The drastic drop to 0.00 in the current period raises the question of potential factors influencing this change, such as debt repayment, refinancing, or capital structure adjustments. However, a consistently low or zero debt-to-capital ratio may also signal robust financial health and efficient capital management strategies by the company.
Overall, Tetra Tech Inc's debt-to-capital ratio analysis suggests a recent shift towards a debt-free capital structure, which may reflect varying strategies or financial decisions aimed at optimizing the company's financial position and risk management.
Peer comparison
Sep 30, 2024