Astrana Health Inc (ASTH)
Debt-to-capital ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 368,448 | 258,939 | 206,213 | 205,136 | 204,944 | 203,389 | 199,150 | 199,068 | 183,101 | 7,114 | 182,813 | 182,705 | 226,937 | 230,211 | 226,051 | 230,455 | 230,105 | 232,172 | 234,149 | — |
| Total stockholders’ equity | US$ in thousands | 653,490 | 614,218 | 593,714 | 566,012 | 548,293 | 542,561 | 510,438 | 479,966 | 472,638 | 448,167 | 435,237 | 401,360 | 349,091 | 330,824 | 228,404 | 207,023 | 197,080 | 191,549 | 190,734 | 185,400 |
| Debt-to-capital ratio | 0.36 | 0.30 | 0.26 | 0.27 | 0.27 | 0.27 | 0.28 | 0.29 | 0.28 | 0.02 | 0.30 | 0.31 | 0.39 | 0.41 | 0.50 | 0.53 | 0.54 | 0.55 | 0.55 | 0.00 |
March 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $368,448K ÷ ($368,448K + $653,490K)
= 0.36
The debt-to-capital ratio of Astrana Health Inc has fluctuated over the past several quarters, indicating varying levels of debt relative to the company's total capital. The ratio ranged from a low of 0.02 in the first quarter of 2022 to a high of 0.55 in the last quarter of 2019.
In recent quarters, the trend has shown an overall increase in the debt-to-capital ratio, reaching 0.36 as of March 31, 2024. This suggests that the company has been relying more on debt financing compared to its total capital. It is crucial for investors and stakeholders to monitor this trend as a higher debt-to-capital ratio can indicate increased financial risk and potential challenges in meeting debt obligations.
Overall, a sustained increase in the debt-to-capital ratio may raise concerns about Astrana Health Inc's financial health and stability, highlighting the importance of careful financial management and monitoring of debt levels.
Peer comparison
Mar 31, 2024