Acadia Healthcare Company Inc (ACHC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,781,970 | 2,812,730 | 2,517,490 | 1,899,460 | 2,505,380 |
| Debt-to-capital ratio | 0.33 | 0.33 | 0.37 | 0.61 | 0.55 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,342,550K ÷ ($1,342,550K + $2,781,970K)
= 0.33
The debt-to-capital ratio of Acadia Healthcare Company Inc has been relatively stable over the past five years. The ratio was at 0.33 at the end of 2023, consistent with the previous year's level. In 2021, there was a slight increase to 0.37 from 0.33 in 2020, suggesting a moderate rise in the company's debt relative to its capital. The ratio was notably higher in 2020 and 2019, at 0.62 and 0.56, respectively, indicating a higher proportion of debt within the company's capital structure during those years.
Overall, Acadia Healthcare Company Inc has maintained a moderate level of debt in relation to its capital base in recent years, which can provide insight into the company's financing strategy and leverage position. Monitoring this ratio over time can be beneficial for assessing the company's financial risk and stability.
Peer comparison
Dec 31, 2023