Tetra Tech Inc (TTEK)
Debt-to-equity 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-equity ratio | 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 | 0.27 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $945,319K ÷ $1,537,610K
= 0.61
The debt-to-equity ratio of Tetra Tech, Inc. has shown fluctuations over the past eight quarters. In Q1 2023, the company had a significantly lower debt-to-equity ratio of 0.19, suggesting a higher proportion of equity compared to debt in its capital structure. This was followed by a slight increase in Q4 2022 and Q3 2023, where the ratio was at 0.22 in both quarters.
However, in Q2 2023, there was a notable spike in the debt-to-equity ratio to 0.79, indicating a higher level of debt relative to equity. This increase could potentially signal a change in the company's financing strategy during that period.
Subsequently, in Q4 2023 and Q1 2024, the ratio decreased to 0.63 and 0.61, respectively. Although these levels were higher compared to the earlier quarters in 2023, they still reflect a moderate balance between debt and equity in Tetra Tech's capital structure.
Overall, the fluctuating trend in the debt-to-equity ratio indicates varying levels of leverage employed by Tetra Tech over the past two years and underscores the importance of closely monitoring and managing the company's capital structure for sustainable financial health.
Peer comparison
Dec 31, 2023