Concentra Group Holdings Parent, Inc. (CON)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,155,600 | 973,317 | — |
| Debt-to-capital ratio | 0.00 | 0.00 | — |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,155,600K)
= 0.00
Based on the data provided for Concentra Group Holdings Parent, Inc., the debt-to-capital ratio for the years ending December 31, 2023, and December 31, 2022, stands at 0.00. This indicates that the company had no debt as a proportion of its capital in these two years. The absence of debt in relation to capital suggests that the company has been relying more on equity financing rather than debt financing to fund its operations and investments. It may signify a strong financial position and stability, as no debt obligations mean lower interest expenses and reduced financial risk.
However, the lack of data for the debt-to-capital ratio in 2021 makes it challenging to assess the historical trend and evolution of the company's debt management strategy over time. It would be beneficial to monitor future financial statements to observe if this trend of minimal debt continues or if there are changes in the company's capital structure. Overall, a debt-to-capital ratio of 0.00 reflects a conservative approach towards leveraging and indicates potential financial strength and flexibility for Concentra Group Holdings Parent, Inc.
Peer comparison
Dec 31, 2023