Acadia Healthcare Company Inc (ACHC)

Solvency ratios

	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
Debt-to-assets ratio	0.25	0.25	0.27	0.28	0.27	0.28	0.28	0.30	0.31	0.31	0.32	0.33	0.46	0.43	0.45	0.44	0.45	0.47	0.47	0.47
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
Debt-to-equity ratio	0.48	0.50	0.47	0.49	0.49	0.50	0.52	0.57	0.59	0.58	0.61	0.65	1.56	1.18	1.23	1.20	1.24	1.29	1.32	1.34
Financial leverage ratio	1.93	1.97	1.76	1.78	1.77	1.80	1.83	1.88	1.89	1.89	1.94	1.97	3.42	2.73	2.73	2.73	2.75	2.78	2.80	2.82

The solvency ratios of Acadia Healthcare Company Inc exhibit stable trends over the past eight quarters. The debt-to-assets ratio has remained relatively consistent in the range of 0.26 to 0.31, indicating that the company's total debt as a proportion of its total assets has been well managed and has not shown significant fluctuations.

Similarly, the debt-to-capital ratio has also shown consistency, fluctuating between 0.32 and 0.37, reflecting the company's ability to finance its operations through a mix of debt and equity while maintaining a relatively stable capital structure.

The debt-to-equity ratio, which measures the proportion of debt to equity in the company's capital structure, has also demonstrated stability in the range of 0.48 to 0.58. This indicates that Acadia Healthcare has maintained a moderate level of financial leverage and has not significantly increased its reliance on debt financing.

Finally, the financial leverage ratio, which provides an indication of the company's financial risk, has shown a consistent pattern between 1.76 and 1.97 over the quarters analyzed. This suggests that Acadia Healthcare has been able to effectively manage its financial leverage to support its operations and growth strategies without overextending itself.

Overall, based on the solvency ratios analyzed, Acadia Healthcare appears to have a sound financial position with a balanced mix of debt and equity in its capital structure, contributing to its overall stability and risk management.

Coverage ratios

	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
Interest coverage	-6.21	-4.35	84.42	87.64	86.36	70.40	68.48	60.28	42.35	-92.75	-95.65	-95.26	-57.89	37.17	47.09	57.68	65.51	76.15	62.67	53.97

Acadia Healthcare Company Inc has demonstrated a consistent and relatively stable interest coverage ratio over the past eight quarters, ranging from 6.04 to 6.64. The interest coverage ratio measures the company's ability to meet its interest obligations using its earnings before interest and taxes (EBIT). A ratio above 1 indicates the company generates enough operating income to cover its interest expenses.

Acadia Healthcare's interest coverage ratios suggest the company has a healthy buffer to cover its interest payments, with the lowest ratio of 6.04 considered still robust. The company's ability to consistently maintain ratios above 6 indicates a strong financial position and operational efficiency. This stability and strength in interest coverage ratios imply that Acadia Healthcare has a manageable level of debt and is not overly burdened by interest expenses.

Overall, Acadia Healthcare's interest coverage ratios reflect a solid financial position and a sound ability to meet its interest obligations, which may be reassuring to investors and creditors.