Adapthealth Corp (AHCO)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,964,920 | 2,013,640 | 2,040,450 | 2,159,160 | 2,094,610 | 2,126,800 | 2,135,620 | 2,169,440 | 2,153,270 | 2,162,090 | 2,170,910 | 2,179,730 | 2,183,550 | 2,187,370 | 1,776,330 | 1,748,830 | 776,568 | 722,730 | 443,248 | 463,553 |
| Total assets | US$ in thousands | 4,486,950 | 4,469,940 | 4,510,910 | 4,503,690 | 4,508,650 | 4,725,250 | 5,203,010 | 5,283,440 | 5,219,590 | 5,237,980 | 5,202,010 | 5,204,340 | 5,250,480 | 5,191,720 | 4,687,660 | 4,520,070 | 1,813,470 | 1,556,270 | 742,467 | 665,004 |
| Debt-to-assets ratio | 0.44 | 0.45 | 0.45 | 0.48 | 0.46 | 0.45 | 0.41 | 0.41 | 0.41 | 0.41 | 0.42 | 0.42 | 0.42 | 0.42 | 0.38 | 0.39 | 0.43 | 0.46 | 0.60 | 0.70 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,964,920K ÷ $4,486,950K
= 0.44
The debt-to-assets ratio of Adapthealth Corp has been relatively stable over the analyzed period, ranging between 0.38 and 0.70. This ratio measures the proportion of the company's assets that are financed through debt, with a lower ratio indicating lesser reliance on debt to fund operations.
From March 31, 2020, to December 31, 2024, the trend shows a consistent decline in the debt-to-assets ratio, suggesting that the company has been able to manage its debt levels efficiently in relation to its total assets.
The ratio decreased from 0.70 in March 2020 to 0.44 in December 2024. This indicates a positive trend where the company has gradually reduced its debt in comparison to its assets over time. This may signify improved financial stability and potentially lower financial risk for Adapthealth Corp.
Although there was a slight increase in the ratio in the latter part of 2023 and beginning of 2024, the overall trend remains relatively stable and on a downward trajectory.
Given the decreasing trend in the debt-to-assets ratio, Adapthealth Corp appears to be effectively managing its debt levels and utilizing its assets efficiently to support its operations and growth strategies.
Peer comparison
Dec 31, 2024