North American Construction Group (North American Construction Group) Debt-to-Equity

: 2.01 (As of Dec. 2023)

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North American Construction Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $70.4 Mil. North American Construction Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $464.1 Mil. North American Construction Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $265.8 Mil. North American Construction Group's debt to equity for the quarter that ended in Dec. 2023 was 2.01.

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 North American Construction Group's Debt-to-Equity or its related term are showing as below:

NOA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64 Med: 1.42 Max: 2.56
Current: 2.01

During the past 13 years, the highest Debt-to-Equity Ratio of North American Construction Group was 2.56. The lowest was 0.64. And the median was 1.42.

NOA's Debt-to-Equity is ranked worse than
89.81% of 834 companies
in the Oil & Gas industry
Industry Median: 0.44 vs NOA: 2.01

North American Construction Group Debt-to-Equity Historical Data

The historical data trend for North American Construction Group'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.

North American Construction Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.40

1.79

1.42

2.01

North American Construction Group 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																1.42	1.26	1.27	1.31	2.01

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, North American Construction Group'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.

North American Construction Group Debt-to-Equity Distribution

For the Oil & Gas industry and Energy sector, North American Construction Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where North American Construction Group's Debt-to-Equity falls into.

North American Construction Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

North American Construction Group'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
	=	(70.39	+	464.088)	/	265.842
	=	2.01

North American Construction Group'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
	=	(70.39	+	464.088)	/	265.842
	=	2.01

North American Construction Group (NYSE:NOA) 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.

North American Construction Group Debt-to-Equity Related Terms

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North American Construction Group (North American Construction Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » North American Construction Group Ltd (NYSE:NOA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NOA:Canada

Address

27287 - 100 Avenue Acheson, Acheson, AB, CAN, T7X 6H8

Website

http://www.nacg.ca

North American Construction Group Ltd is Canada's heavy civil construction and mining contractor provider. The company has provided services to oil, natural gas, and resource companies.

Executives

Cannell Capital Llc	10 percent owner	245 MERIWETHER CIRCLE, ALTA WY 83414
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6