Acadia Healthcare Company Inc (ACHC)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,342,550 | 1,349,950 | 1,372,360 | 1,399,780 | 1,364,540 | 1,379,310 | 1,384,070 | 1,463,850 | 1,478,630 | 1,413,410 | 1,443,190 | 1,484,210 | 2,968,950 | 3,067,240 | 3,078,440 | 2,944,820 | 3,105,420 | 3,133,640 | 3,206,870 | 3,221,710 |
| Total assets | US$ in thousands | 5,358,840 | 5,346,220 | 5,150,210 | 5,044,260 | 4,987,900 | 4,943,100 | 4,882,640 | 4,834,640 | 4,768,080 | 4,594,730 | 4,564,000 | 4,526,920 | 6,499,360 | 7,105,140 | 6,833,230 | 6,718,000 | 6,879,140 | 6,728,120 | 6,790,420 | 6,785,520 |
| Debt-to-assets ratio | 0.25 | 0.25 | 0.27 | 0.28 | 0.27 | 0.28 | 0.28 | 0.30 | 0.31 | 0.31 | 0.32 | 0.33 | 0.46 | 0.43 | 0.45 | 0.44 | 0.45 | 0.47 | 0.47 | 0.47 |
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 been relatively stable over the past eight quarters, ranging from 0.26 to 0.31. This ratio indicates that, on average, around 26% to 31% of the company's assets are financed by debt. The consistent and moderate levels of the debt-to-assets ratio suggest that the company has a prudent approach to managing its debt levels and maintaining a healthy balance between debt and assets. However, the slight increase in the ratio from Q1 2022 to Q1 2023 warrants further monitoring to ensure that the company's debt levels do not become excessive relative to its asset base.
Peer comparison
Dec 31, 2023