Adapthealth Corp (AHCO)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 395,112 | — | — | — |
| Total assets | US$ in thousands | 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 | 546,538 | 256,627 | 255,866 | 255,231 |
| Debt-to-assets ratio | 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 | 0.72 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,094,610K ÷ $4,508,650K
= 0.46
The debt-to-assets ratio for AdaptHealth Corp has shown some fluctuations over the past eight quarters. The ratio was consistent at 0.42 from Q1 2022 to Q4 2022, indicating that the company maintained a stable level of debt relative to its total assets during that period.
However, in Q2 2023, there was a slight decrease to 0.42, which was then followed by a further decrease to 0.46 in Q3 2023. This suggests that the company may have taken on more debt relative to its assets in those quarters.
The most recent data, Q4 2023, shows a slight increase in the debt-to-assets ratio to 0.48. This indicates that the company's level of debt in relation to its total assets has increased compared to the previous quarter.
Overall, the trend in the debt-to-assets ratio for AdaptHealth Corp over the past year indicates some variability in the company's leverage position, with a general increasing trend towards the end of the period. This may suggest a shift in the company's financing strategy or investment activities that warrants further investigation and analysis.
Peer comparison
Dec 31, 2023