Acadia Healthcare Company Inc (ACHC)

Debt-to-capital 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 stockholders’ equity US$ in thousands 2,781,970 2,712,560 2,921,020 2,839,600 2,812,730 2,743,710 2,663,040 2,574,510 2,517,490 2,434,450 2,356,590 2,298,000 1,899,460 2,606,640 2,503,340 2,464,170 2,505,380 2,420,690 2,422,350 2,403,340
Debt-to-capital ratio 0.33 0.33 0.32 0.33 0.33 0.33 0.34 0.36 0.37 0.37 0.38 0.39 0.61 0.54 0.55 0.54 0.55 0.56 0.57 0.57

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 in recent quarters, hovering between 0.32 and 0.37. This ratio provides insights into the company's capital structure and its reliance on debt financing.

The gradual decrease from 0.37 in Q1 2022 to 0.32 in Q2 2023 suggests that the company has been managing its debt levels effectively compared to its capital base. This may indicate improved financial health and lower financial risk over time.

Overall, the consistent range of the debt-to-capital ratio around 0.33-0.34 indicates that Acadia Healthcare Company Inc has maintained a balanced mix of debt and equity in its capital structure, which is usually considered a healthy sign for investors and creditors.