MasTec (MasTec) Debt-to-Equity

: 1.29 (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

MasTec's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $315 Mil. MasTec's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,181 Mil. MasTec's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,706 Mil. MasTec's debt to equity for the quarter that ended in Dec. 2023 was 1.29.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for MasTec's Debt-to-Equity or its related term are showing as below:

MTZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 0.97 Max: 1.29
Current: 1.29

During the past 13 years, the highest Debt-to-Equity Ratio of MasTec was 1.29. The lowest was 0.75. And the median was 0.97.

MTZ's Debt-to-Equity is ranked worse than
83.57% of 1503 companies
in the Construction industry
Industry Median: 0.43 vs MTZ: 1.29

MasTec Debt-to-Equity Historical Data

The historical data trend for MasTec's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MasTec Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.93

0.75

0.90

1.28

1.29

MasTec Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.28	1.32	1.37	1.34	1.29

Competitive Comparison

For the Engineering & Construction subindustry, MasTec's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MasTec Debt-to-Equity Distribution

For the Construction industry and Industrials sector, MasTec's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where MasTec's Debt-to-Equity falls into.

MasTec Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MasTec's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(315.011	+	3180.931)	/	2706.152
	=	1.29

MasTec's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(315.011	+	3180.931)	/	2706.152
	=	1.29

MasTec (NYSE:MTZ) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

MasTec Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of MasTec's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

MasTec (MasTec) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MasTec Inc (NYSE:MTZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MY8:Germany

Address

800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134

Website

https://www.mastec.com

MasTec is a leading infrastructure construction company operating mainly in North America across a range of industries. The company's primary activities include the engineering, building, installation, maintenance, and upgrade of communications, oil and gas, utility, renewable energy, and other infrastructure. MasTec reports its results under five reportable segments: 1) communications; 2) clean energy and infrastructure; 3) oil and gas; 4) power delivery, and 5) other.

Executives

Paul Dimarco	officer: CFO	800 S. DOUGLAS ROAD, SUITE 1200, CORAL GABLES FL 33134
Timothy Michael Love	officer: CAO	8915 GEORGE WILLIAMS RD., KNOXVILLE TN 37923
Ava L Parker	director	1469 HARRINGTON PARK DRIVE, JACKSONVILLE FL 32225
Ernst N Csiszar	director	2600 S RIVER ROAD, DES PLAINES IL 60018
Robert E Apple	officer: Chief Operations Officer	800 S DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
C Robert Campbell	officer: EVP & CFO	800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
De Cardenas Alberto I	officer: Executive Vice President	800 S DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES X1 33134
George Pita	officer: CFO	3000 NW 107TH AVENUE, MIAMI FL 33172
Robert J Dwyer	director	880 SOUTH OCEAN BOULEVARD, PALM BEACH FL 33480
Jose S Sorzano	director	AUSTIN GROUP INC, 5305 LEE HIGHWAY NORTH, ARLINGTON VA 22207
Julia L Johnson	director	NETCOMMUNICATIONS LLC, 614 GRAND HIGHWAY, CLAREMONT FL 34711
Javier Alberto Palomarez	director	3405 PINNEY POINT DRIVE, FLOWER MOUND TX 75022
Jorge Mas	director, 10 percent owner	800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
Jose Ramon Mas	director, officer: EVP	800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
Daniel A Restrepo	director	C/O MASTEC, INC., 800 S. DOUGLAS RD., 12TH FLOOR, CORAL GABLES FL 33134