Astrana Health Inc (ASTH)
Debt-to-equity 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-equity ratio | 0.42 | 0.37 | 0.02 | 0.70 | 1.21 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $258,939K ÷ $614,218K
= 0.42
The debt-to-equity ratio of Astrana Health Inc has fluctuated over the past five years. In 2019, the ratio was relatively high at 1.21, indicating a higher level of debt compared to equity. However, in 2020, the ratio decreased significantly to 0.70, suggesting a slight improvement in the company's debt position relative to its equity.
In the subsequent years, Astrana Health Inc continued to manage its debt levels effectively. The debt-to-equity ratio further decreased to 0.02 in 2021, reflecting a significant reduction in debt compared to equity. This improvement could indicate a stronger financial position and potentially lower financial risk for the company.
In 2022, the ratio increased slightly to 0.37, suggesting a moderate increase in debt compared to equity but still at a relatively healthy level. The most recent ratio for 2023 stands at 0.42, which indicates that the company's debt levels have slightly increased compared to the previous year, however, it is maintained at a reasonable level.
Overall, the trend in Astrana Health Inc's debt-to-equity ratio shows fluctuations but generally indicates a prudent management of debt relative to equity over the past five years. The company's ability to maintain this ratio within a reasonable range can positively impact its financial stability and sustainability in the long term.