Centuri Holdings (Centuri Holdings) Debt-to-Equity : 6.81 (As of Mar. 2024)

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What is Centuri Holdings Debt-to-Equity?

Centuri Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $73.8 Mil. Centuri Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,272.3 Mil. Centuri Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $197.8 Mil. Centuri Holdings's debt to equity for the quarter that ended in Mar. 2024 was 6.81.

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 Centuri Holdings's Debt-to-Equity or its related term are showing as below:

CTRI' s Debt-to-Equity Range Over the Past 10 Years
Min: 2 Med: 3.14 Max: 6.81
Current: 6.81

During the past 4 years, the highest Debt-to-Equity Ratio of Centuri Holdings was 6.81. The lowest was 2.00. And the median was 3.14.

CTRI's Debt-to-Equity is ranked worse than
97.48% of 476 companies
in the Utilities - Regulated industry
Industry Median: 0.885 vs CTRI: 6.81

Centuri Holdings Debt-to-Equity Historical Data

The historical data trend for Centuri Holdings'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.

Centuri Holdings Debt-to-Equity Chart

Centuri Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

2.84

3.45

2.00

Centuri Holdings Quarterly Data
	Dec20	Dec21	Dec22	Mar23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			2.84	3.45	N/A	2.00	6.81

Competitive Comparison of Centuri Holdings's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Centuri Holdings'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.

Centuri Holdings's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Centuri Holdings's Debt-to-Equity distribution charts can be found below:

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

Centuri Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Centuri Holdings'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
	=	(73.285	+	957.57)	/	516.265
	=	2.00

Centuri Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(73.802	+	1272.327)	/	197.768
	=	6.81

Centuri Holdings (NYSE:CTRI) 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.

Centuri Holdings Debt-to-Equity Related Terms

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Centuri Holdings (Centuri Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Centuri Holdings Inc (NYSE:CTRI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

19820 North 7th Avenue, Suite 120, Phoenix, AZ, USA, 85027

Website

https://www.centuri.com

Centuri Holdings Inc is a pure-play North American utility infrastructure services company that partners with regulated utilities to maintain, upgrade and expand the energy network that powers millions of homes and businesses. Its service offerings primarily consist of the modernization of utility infrastructure through the maintenance, retrofitting and installation of electric and natural gas distribution networks to meet current and future demands while also preparing systems for the transition to clean energy sources. They operate under two primary lines of business which includes Gas Utility Services and Electric Utility Services it is also their two reportable segments as well.

Centuri Holdings (Centuri Holdings) Headlines

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