Astrana Health Inc (ASTH)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 614,218 | 542,561 | 448,167 | 330,824 | 191,549 |
| Debt-to-capital ratio | 0.30 | 0.27 | 0.02 | 0.41 | 0.55 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $258,939K ÷ ($258,939K + $614,218K)
= 0.30
The debt-to-capital ratio of Astrana Health Inc has exhibited fluctuations over the past five years. In 2023, the ratio stands at 0.30, showing an increase from the previous year's 0.27. This indicates that the company's reliance on debt as a proportion of its total capital has slightly increased.
Comparing the current ratio to the data from 2021 and 2022, it is evident that in those years, the company had lower debt-to-capital ratios, implying a lesser dependence on debt to finance its operations.
However, when compared to the ratios from 2020 and 2019, where the ratios were 0.41 and 0.55 respectively, the current ratio of 0.30 reflects a significant improvement in the company's ability to manage its debt relative to its capital structure.
It is essential for Astrana Health Inc to monitor and manage its debt levels effectively to ensure a healthy capital structure and financial stability.
Peer comparison
Dec 31, 2023