Astrana Health Inc (ASTH)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,354,890 | 933,361 | 966,213 | 867,361 | 817,486 |
| Total stockholders’ equity | US$ in thousands | 712,720 | 614,218 | 542,561 | 448,167 | 330,824 |
| Financial leverage ratio | 1.90 | 1.52 | 1.78 | 1.94 | 2.47 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,354,890K ÷ $712,720K
= 1.90
The financial leverage ratio of Astrana Health Inc has shown a decreasing trend over the past five years. Starting at 2.47 in December 31, 2020, the ratio has consistently decreased to 1.90 by December 31, 2024. A financial leverage ratio below 2 indicates that the company relies less on debt financing to generate profits, which can be considered positive as it signifies lower financial risk. However, the decreasing trend may also indicate a declining reliance on leverage for growth or investment opportunities. Overall, Astrana Health Inc's decreasing financial leverage ratio suggests a more conservative approach to funding its operations and expansions over the years.
Peer comparison
Dec 31, 2024