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.