Adapthealth Corp (AHCO)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,571,140 | 1,516,260 | 1,485,820 | 1,461,790 | 1,458,450 | 1,732,480 | 2,180,940 | 2,159,890 | 2,151,160 | 2,154,370 | 2,133,220 | 2,115,360 | 2,061,910 | 1,990,110 | 1,889,960 | 1,788,280 | 354,889 | 360,999 | 8,491 | -33,173 |
| Debt-to-equity ratio | 1.25 | 1.33 | 1.37 | 1.48 | 1.44 | 1.23 | 0.98 | 1.00 | 1.00 | 1.00 | 1.02 | 1.03 | 1.06 | 1.10 | 0.94 | 0.98 | 2.19 | 2.00 | 52.20 | — |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,964,920K ÷ $1,571,140K
= 1.25
The debt-to-equity ratio of Adapthealth Corp shows the relationship between the company's total debt and its shareholders' equity from March 31, 2020, to December 31, 2024. The ratio indicates how much debt the company is using to finance its operations compared to the equity provided by its shareholders.
From March 31, 2020, to September 30, 2020, the ratio increased significantly from an unavailable figure to 52.20, suggesting a high level of debt relative to equity. Subsequently, the ratio decreased to around 1.00 by March 31, 2021, showing a significant improvement in the company's capital structure.
Throughout the following quarters up to December 31, 2024, the debt-to-equity ratio fluctuated between 0.94 and 1.48. Overall, the ratio remained relatively stable around the 1.00 mark, indicating that Adapthealth Corp has maintained a balanced mix of debt and equity in financing its operations during this period.
It is important to note that a debt-to-equity ratio of 1.00 implies that the company's debt is equal to its equity, signaling a balanced capital structure. However, investors should consider the trend of this ratio over time and compare it to industry benchmarks to assess the company's leverage and financial risk.
Peer comparison
Dec 31, 2024