Concentra Group Holdings Parent, Inc. (CON)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — |
| Total assets | US$ in thousands | 2,333,560 | 2,297,240 | — |
| Debt-to-assets ratio | 0.00 | 0.00 | — |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,333,560K
= 0.00
The debt-to-assets ratio for Concentra Group Holdings Parent, Inc. was 0.00 as of December 31, 2023, and also 0.00 as of December 31, 2022. However, the ratio was not available for 2021.
A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets. This could suggest that Concentra Group Holdings Parent, Inc. is primarily financed through equity rather than debt, which may indicate a strong financial position with lower financial risk as it is not relying on borrowed funds to support its operations and investments.
It would be beneficial to monitor future trends in the debt-to-assets ratio to see if the company's capital structure and risk profile remain stable or if there are any changes in how it finances its operations.
Peer comparison
Dec 31, 2023