Tetra Tech Inc (TTEK)
Debt-to-equity 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-equity ratio | 0.00 | 0.52 | 0.60 | 0.61 | 0.63 | 0.62 | 0.79 | 0.18 | 0.21 | 0.19 | 0.19 | 0.20 | 0.16 | 0.20 | 0.21 | 0.25 | 0.23 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,830,320K
= 0.00
The debt-to-equity ratio of Tetra Tech Inc has shown fluctuations over the past five years, ranging from 0.00 to 0.79. The ratio measures the company's financial leverage by comparing its total debt to its shareholders' equity. A lower ratio indicates lower financial risk, as the company relies less on debt to finance its operations.
Tetra Tech Inc's debt-to-equity ratio was relatively stable around 0.2 in recent years, indicating a conservative capital structure with a balanced mix of debt and equity financing. However, there were spikes in the ratio in some quarters, such as in March 2023 and December 2023, reaching 0.79 and 0.61, respectively. An increase in the ratio suggests that the company may be taking on more debt compared to equity, which could increase financial risk.
It is important for investors and stakeholders to closely monitor the trend of the debt-to-equity ratio to assess Tetra Tech Inc's financial health and risk profile. Fluctuations in the ratio may be influenced by factors such as changes in borrowing levels, profitability, and capital management decisions.
Peer comparison
Sep 30, 2024