PRIM (Primoris Services) LT-Debt-to-Total-Asset : 0.27 (As of Sep. 2024)

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What is Primoris 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. Primoris Services's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.27.

Primoris Services's long-term debt to total assets ratio declined from Sep. 2023 (0.33) to Sep. 2024 (0.27). It may suggest that Primoris Services is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Primoris 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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Primoris Services LT-Debt-to-Total-Asset Chart

Primoris Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.21

0.27

0.34

0.30

Primoris 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															0.33	0.30	0.29	0.28	0.27

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

Primoris 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 )
	=	1148.823	/	3827.427
	=	0.30

Primoris 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 )
	=	1154.295	/	4240.293
	=	0.27

Primoris Services (NYSE:PRIM) 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.

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

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Primoris Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Primoris Services Corp (NYSE:PRIM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

1PM:Germany 1PM:Germany

Address

2300 N. Field Street, Suite 1900, Dallas, TX, USA, 75201

Website

https://www.prim.com

Primoris Services Corp is a provider of infrastructure services operating mainly in the United States and Canada. It provides a wide range of construction services, maintenance, replacement, fabrication and engineering services to a diversified base of customers. The reportable segments are Utilities segment and the Energy segment. The Utilities segment operates in a range of services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communication systems. The Energy segment operates in a range of services that include engineering, procurement, and construction, retrofits, highway and bridge construction, demolition, site work, outages, pipeline construction and maintenance and others.

Executives

David Lee King	officer: Chief Operating Officer	2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201
Stephen C. Cook	director	7500 SAN FELIPE, STE. 600, HOUSTON TX 77063
Thomas Edward Mccormick	officer: Chief Operating Officer	2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201
John Schauerman	director, officer: Chief Financial Officer, other: Member - see remark	26000 COMMERCENTRE DR., LAKE FOREST CA 92630
John M. Perisich	officer: Senior VP and General Counsel, other: Member - see remark	26000 COMMERCENTRE DR., LAKE FOREST CA 92630
Carla S Mashinski	director	8200 S. UNIT DRIVE, TULSA OK 74132
Travis L Stricker	officer: Chief Accounting Officer	2103 RESEARCH FOREST DRIVE, THE WOODLANDS TX 77380
Moreno John F Jr	officer: Chief Operating Officer	C/O PRIMORIS SERVICES CORPORATION, 2300 NORTH FIELD ST, SUITE 1900, DALLAS TX 75201
Michael E. Ching	director	C/O PRIMORIS SERVICES CORPORATION, 2300 N FIELD STREET, SUITE 1900, DALLAS TX 75201
Terry D Mccallister	director	1100 H ST NW, WASHINGTON DC 20080
Jose Ramon Rodriguez	director	PRIMORIS SERVICES CORPORATION, 2300 NORTH FIELD STREET, SUITE 1900, DALLAS TX 75201
Thomas E. Tucker	director	3 UPPER NEWPORT PLAZA DRIVE, NEWPORT BEACH CA 92660
Patricia K Wagner	director	1720 NORTH FIRST STREET, SAN JOSE CA 95020
Kenneth Morris Dodgen	officer: Corporate Controller	2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201
Brian Pratt	director, 10 percent owner, officer: Chairman, CEO & President, other: Member - see remark	5950 BERKSHIRE LANE, SUITE 800, DALLAS TX 75225