Astrana Health Inc (ASTH)
Debt-to-equity 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-equity ratio | 0.56 | 0.42 | 0.35 | 0.36 | 0.37 | 0.37 | 0.39 | 0.41 | 0.39 | 0.02 | 0.42 | 0.46 | 0.65 | 0.70 | 0.99 | 1.11 | 1.17 | 1.21 | 1.23 | 0.00 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $368,448K ÷ $653,490K
= 0.56
The debt-to-equity ratio for Astrana Health Inc has fluctuated over the past few quarters. In the most recent quarter, as of March 31, 2024, the ratio stood at 0.56, indicating that the company had more debt relative to equity. This represented an increase from the previous quarter's ratio of 0.42.
Looking further back, there was a noticeable increase in the ratio in the second half of 2020, with ratios exceeding 1 in the later quarters of 2020 and early 2021. This suggests that the company was highly leveraged during that period.
It is important to note the significant change in the debt-to-equity ratio from 0.02 in the first quarter of 2022 to 0.42 in the last quarter of 2022, indicating a substantial increase in the company's debt relative to equity over this period.
Overall, the trend in Astrana Health Inc's debt-to-equity ratio shows fluctuations, with periods of high leverage followed by potential efforts to reduce debt levels. This metric is crucial for assessing the company's financial risk and its ability to meet its debt obligations.
Peer comparison
Mar 31, 2024