Tetra Tech Inc (TTEK)
Debt-to-capital 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 | 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 | — | — | — | 263,934 | — | — |
| Total stockholders’ equity | US$ in thousands | 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 | 989,286 | 1,015,610 | 990,445 |
| Debt-to-capital ratio | 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 | 0.21 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $945,319K ÷ ($945,319K + $1,537,610K)
= 0.38
The debt-to-capital ratio of Tetra Tech, Inc. has shown fluctuations over the past eight quarters. The ratio has varied between 0.16 and 0.44 during this period. It increased from 0.16 in Q1 2023 to 0.44 in Q2 2023, indicating a significant rise in debt relative to capital during that quarter. However, the ratio decreased in the subsequent quarters and stabilized around 0.18 to 0.39 from Q3 2023 to Q4 2023.
Overall, the general trend suggests that the company has maintained a moderate level of debt relative to its capital structure over the past eight quarters. It is essential to monitor this ratio to assess the company's leverage and financial risk over time.
Peer comparison
Dec 31, 2023