Quanta Services (MEX:PWR) LT-Debt-to-Total-Asset : 0.23 (As of Sep. 2024)

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What is Quanta Services LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Quanta Services's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.23.

Quanta Services's long-term debt to total assets ratio declined from Sep. 2023 (0.27) to Sep. 2024 (0.23). It may suggest that Quanta Services is progressively becoming less dependent on debt to grow their business.

Quanta Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Quanta Services's LT-Debt-to-Total-Asset 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.

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Quanta Services LT-Debt-to-Total-Asset Chart

Quanta Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.16

0.30

0.29

0.24

Quanta Services Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.27	0.24	0.22	0.20	0.23

Quanta Services LT-Debt-to-Total-Asset Calculation

Quanta Services's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	65359.342	/	275614.684
	=	0.24

Quanta Services's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	85773.408	/	371483.107
	=	0.23

Quanta Services (MEX:PWR) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Quanta Services LT-Debt-to-Total-Asset Related Terms

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Quanta Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Quanta Services Inc (MEX:PWR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PWR:USA 0KSR:UK QAA:Germany QAA:Germany Q1UA34:Brazil

Address

2727 North Loop West, Houston, TX, USA, 77008

Website

https://www.quantaservices.com

Quanta Services is a leading provider of specialty contracting services, delivering comprehensive infrastructure solutions for the electric and gas utility, communications, pipeline, and energy industries in the United States, Canada, and Australia. Quanta reports its results under three reportable segments: electric power, renewables infrastructure, and underground utility and infrastructure.