Astrana Health Inc (ASTH)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 258,939 | 203,389 | 7,114 | 230,211 | 232,172 |
| Total assets | US$ in thousands | 933,361 | 966,213 | 852,363 | 817,486 | 728,713 |
| Debt-to-assets ratio | 0.28 | 0.21 | 0.01 | 0.28 | 0.32 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $258,939K ÷ $933,361K
= 0.28
The debt-to-assets ratio for Astrana Health Inc has exhibited fluctuating trends over the five-year period from 2019 to 2023. In 2019, the ratio stood at 0.32, indicating that the company had higher debt relative to its total assets. However, by the end of 2021, the ratio dropped significantly to 0.01, suggesting a substantial decrease in debt in relation to the company's assets.
Subsequently, in 2022, the ratio rose slightly to 0.21, signifying a moderate increase in debt compared to assets. This trend continued into the following year, with the ratio reaching 0.28 by the end of 2023. Despite the increase, the ratio remained lower than the levels observed in 2019, indicating a relatively healthier financial position in terms of debt leverage.
Overall, the debt-to-assets ratio for Astrana Health Inc displays variability over the period under review, with the company experiencing fluctuations in its debt management strategies and capital structure. Further analysis would be necessary to assess the reasons behind these changes and evaluate the company's overall financial health and risk profile.