Acadia Healthcare Company Inc (ACHC)
Debt-to-equity 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-equity ratio | 0.48 | 0.49 | 0.59 | 1.56 | 1.24 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,342,550K ÷ $2,781,970K
= 0.48
The debt-to-equity ratio for Acadia Healthcare Company Inc has shown a decreasing trend over the past five years, going from 1.26 in 2019 to 0.49 in 2023. This indicates a significant improvement in the company's financial leverage and risk management. A lower debt-to-equity ratio suggests that the company is relying less on debt financing and has a stronger equity base to support its operations and growth. The decrease in the ratio from 2020 to 2023 indicates effective debt reduction or increased equity investment by the company. Overall, Acadia Healthcare Company Inc's decreasing debt-to-equity ratio reflects a healthier balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2023