Adapthealth Corp (AHCO)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.86 | 2.95 | 3.04 | 3.08 | 3.09 | 2.73 | 2.39 | 2.45 | 2.43 | 2.43 | 2.44 | 2.46 | 2.55 | 2.61 | 2.48 | 2.53 | 5.11 | 4.31 | 87.44 | — |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,486,950K ÷ $1,571,140K
= 2.86
The financial leverage ratio of Adapthealth Corp has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The ratio was not available for March 31, 2020.
From June 30, 2020, to September 30, 2020, there was a significant increase in the financial leverage ratio from 87.44 to 4.31, indicating a decrease in the company's reliance on debt for financing its operations. This trend continued as the ratio decreased to 2.53 by March 31, 2021.
Subsequently, from March 31, 2021, to June 30, 2024, the financial leverage ratio remained relatively stable, hovering around the range of 2.39 to 3.08. This suggests that the company maintained a consistent level of debt in relation to its equity over this period.
Overall, Adapthealth Corp's financial leverage ratio indicates a moderate level of leverage with fluctuations witnessed in the short term, but relatively stable in the medium to long term. It is essential for stakeholders to continue monitoring the company's leverage levels to assess its financial risk and sustainability.
Peer comparison
Dec 31, 2024