Astrana Health Inc (ASTH)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Astrana Health Inc has consistently reported low solvency ratios over the reviewed period, indicating a strong financial position in terms of the company's ability to meet its long-term financial obligations.
The Debt-to-assets ratio remained at 0.00 throughout the entire period, signifying that the company's total debt is insignificant when compared to its total assets. This suggests minimal financial risk associated with a high level of debt.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio were also consistently at 0.00, reflecting the company's minimal reliance on debt to finance its operations and investments. This implies a healthy financial structure where the company's capital is significantly higher than its debts, providing a cushion against financial distress.
The Financial leverage ratio showed a decreasing trend from 3.68 in March 2020 to 1.90 in December 2024. A decreasing financial leverage ratio indicates that the company is becoming less reliant on debt financing over time, which can enhance financial stability and flexibility.
In conclusion, Astrana Health Inc's solvency ratios demonstrate a strong financial position with little financial risk related to debt. This signifies the company's ability to withstand economic downturns and potential challenges in meeting its long-term financial obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 3.44 | 3.75 | 4.74 | 5.63 | 6.58 | 8.50 | 9.63 | 9.67 | 11.93 | 9.40 | 2.41 | 16.13 | 15.41 | 22.39 | 23.70 | 12.68 | 9.27 | 5.77 | 4.55 | 5.91 |
Interest coverage ratio is a financial metric used to assess a company's ability to pay its interest expenses on outstanding debt. Astrana Health Inc's interest coverage has fluctuated over the past few years.
From March 31, 2020 to June 30, 2022, the interest coverage ratio ranged between 2.41 and 23.70, indicating some variability in the company's ability to cover its interest expenses. However, a notable improvement was seen in the latter half of 2021, reaching a peak of 23.70 on June 30, 2021.
Subsequently, there was a decline in the interest coverage ratio, with values fluctuating between 2.41 and 11.93 until December 31, 2022. The ratio remained above 5 during this period, suggesting Astrana Health Inc continued to have sufficient earnings to cover its interest payments.
From March 31, 2023 to December 31, 2024, the interest coverage ratio stayed within the range of 3.44 to 9.67. Although experiencing some volatility, the ratio remained above 3, indicating the company's ability to meet its interest obligations from its earnings.
Overall, Astrana Health Inc's interest coverage ratio has shown some fluctuations but generally indicates that the company has been able to comfortably cover its interest expenses over the analyzed period.