Astrana Health Inc (ASTH)

Solvency ratios

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
Debt-to-assets ratio 0.30 0.28 0.19 0.20 0.21 0.21 0.21 0.21 0.20 0.01 0.21 0.20 0.27 0.28 0.28 0.28 0.32 0.32 0.31 0.00
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
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
Financial leverage ratio 1.88 1.52 1.81 1.81 1.81 1.78 1.85 1.98 1.95 1.90 2.00 2.23 2.42 2.47 3.57 4.02 3.68 3.80 3.93 3.07

Astrana Health Inc's solvency ratios indicate the company's ability to meet its long-term obligations. The debt-to-assets ratio has been relatively stable around 0.20 to 0.30 over the past few quarters, suggesting that the company has been maintaining a moderate level of debt relative to its total assets.

The debt-to-capital and debt-to-equity ratios have shown some fluctuations, with the debt-to-capital ratio ranging from 0.26 to 0.36 and the debt-to-equity ratio fluctuating between 0.35 and 0.56. These ratios indicate the proportion of debt in the company's capital structure, with higher values suggesting higher leverage.

The financial leverage ratio has also demonstrated variability, ranging from 1.52 to 2.47. This ratio reflects the company's financial risk and indicates how much the company relies on debt to finance its operations. The higher the financial leverage ratio, the greater the financial risk.

Overall, while Astrana Health Inc has maintained a moderate level of debt relative to its assets, the fluctuating trends in the debt-to-capital, debt-to-equity, and financial leverage ratios suggest changes in the company's capital structure and financial risk profile over the analyzed period. It is important for the company to carefully manage its debt levels to ensure long-term financial stability and solvency.

Coverage ratios

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
Interest coverage 5.63 6.76 7.74 9.22 9.69 12.15 14.49 17.16 21.92 20.08 21.03 16.02 14.28 10.89 8.06 7.19 4.95 5.71 7.37 30.43

The interest coverage ratio measures a company's ability to pay interest on its outstanding debt using its earnings before interest and taxes (EBIT). A higher interest coverage ratio indicates a greater ability to meet interest obligations.

Analyzing Astrana Health Inc's interest coverage ratio over the past few quarters reveals a positive trend. The ratio has generally been increasing from a low of 4.95 in March 2020 to a high of 30.43 in September 2021, indicating a significant improvement in the company's ability to cover its interest payments.

However, it is important to note that the ratio has fluctuated over time, potentially reflecting changes in the company's financial performance and debt levels. The recent ratios of around 21.92 in March 2022, 20.08 in December 2021, and 21.03 in September 2021 show a strong ability to cover interest expenses, suggesting solid financial health.

Overall, Astrana Health Inc's interest coverage ratio has shown a positive trend, indicating an improvement in the company's financial stability and ability to meet its interest obligations.