Acadia Healthcare Company Inc (ACHC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,342,550 | 1,364,540 | 1,478,630 | 2,968,950 | 3,105,420 |
| Total assets | US$ in thousands | 5,358,840 | 4,987,900 | 4,768,080 | 6,499,360 | 6,879,140 |
| Debt-to-assets ratio | 0.25 | 0.27 | 0.31 | 0.46 | 0.45 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,342,550K ÷ $5,358,840K
= 0.25
The debt-to-assets ratio of Acadia Healthcare Company Inc has exhibited a decreasing trend over the past five years, declining from 0.46 in December 2019 to 0.26 in December 2023. This indicates that the company has been successful in reducing its reliance on debt in relation to its total assets over the period being analyzed.
A lower debt-to-assets ratio suggests a more conservative approach to financing, indicating that the company is relying less on external debt to fund its operations. This can be viewed as a positive sign of financial health and stability, as lower debt levels generally imply lower financial risk and greater flexibility in managing debt obligations.
It is worth noting that although the debt-to-assets ratio has shown a decreasing trend, the company still maintains a moderate level of debt in relation to its assets as of December 2023. This suggests that Acadia Healthcare Company Inc has a balanced approach to capital structure, utilizing an appropriate mix of debt and equity to support its operations and growth initiatives.
Overall, the declining trend in the debt-to-assets ratio for Acadia Healthcare Company Inc reflects a positive trajectory in terms of managing its debt levels and maintaining a healthy balance sheet position.
Peer comparison
Dec 31, 2023