Acadia Healthcare Company Inc (ACHC)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,358,840 | 4,987,900 | 4,768,080 | 6,499,360 | 6,879,140 |
| Total stockholders’ equity | US$ in thousands | 2,781,970 | 2,812,730 | 2,517,490 | 1,899,460 | 2,505,380 |
| Financial leverage ratio | 1.93 | 1.77 | 1.89 | 3.42 | 2.75 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,358,840K ÷ $2,781,970K
= 1.93
The financial leverage ratio of Acadia Healthcare Company Inc has varied over the last five years. It stood at 1.93 in 2023, which indicates that the company's debt level exceeded its equity by 1.93 times. This suggests a higher level of financial leverage compared to the previous year when the ratio was 1.77. In 2021, the ratio increased to 1.89 before experiencing a significant spike to 3.42 in 2020, reflecting a substantial increase in debt relative to equity that year. In 2019, the ratio was 2.75, signifying a lower financial leverage compared to 2020 but higher than in 2022 and 2023.
Overall, the trend in Acadia Healthcare's financial leverage ratio shows fluctuation, indicating changes in the company's capital structure and level of debt financing over the years. Investors and stakeholders should carefully monitor these fluctuations to assess the company's risk profile and financial stability.
Peer comparison
Dec 31, 2023