Astrana Health Inc (ASTH)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,354,890 | 1,285,380 | 1,252,470 | 1,226,280 | 933,361 | 1,073,260 | 1,027,180 | 992,628 | 989,915 | 943,406 | 951,064 | 912,331 | 852,363 | 871,294 | 894,430 | 843,280 | 817,486 | 814,273 | 833,217 | 724,415 |
| Total stockholders’ equity | US$ in thousands | 712,720 | 704,616 | 678,874 | 653,490 | 614,218 | 593,714 | 566,012 | 560,044 | 542,561 | 510,438 | 479,966 | 473,985 | 454,550 | 435,897 | 401,360 | 349,091 | 330,824 | 228,404 | 207,023 | 197,080 |
| Financial leverage ratio | 1.90 | 1.82 | 1.84 | 1.88 | 1.52 | 1.81 | 1.81 | 1.77 | 1.82 | 1.85 | 1.98 | 1.92 | 1.88 | 2.00 | 2.23 | 2.42 | 2.47 | 3.57 | 4.02 | 3.68 |
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 been fluctuating over the period from March 31, 2020, to December 31, 2024. The ratio indicates the proportion of the company's debt to its equity, reflecting the level of financial risk and leverage.
Initially, the financial leverage ratio increased from 3.68 on March 31, 2020, to 4.02 on June 30, 2020, suggesting a rise in debt relative to equity. However, there was a subsequent decrease to 3.57 by September 30, 2020.
From December 31, 2020, to June 30, 2021, there was a significant decline in the ratio from 2.47 to 2.23, and this trend continued steadily until December 31, 2021, reaching 1.88, indicating a reduction in debt levels or an increase in equity.
The financial leverage ratio continued to decrease further, reaching its lowest point of 1.52 by December 31, 2023. This decline suggests that the company has been reducing its reliance on debt financing in favor of equity.
There was a slight increase in the ratio during the first half of 2024, with the ratio rising to 1.90 by December 31, 2024. Overall, the decreasing trend in the financial leverage ratio indicates a more conservative capital structure as the company progressively reduces its financial leverage over time.
Peer comparison
Dec 31, 2024