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 | ||
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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.