Concentra Group Holdings Parent, Inc. (CON)
Debt-to-capital ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 277,780 | 1,246,780 | 1,195,760 | 0 | — | 996,115 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | — | — | 0.00 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $277,780K)
= 0.00
The debt-to-capital ratio for Concentra Group Holdings Parent, Inc. as of September 30, 2024, June 30, 2024, and March 31, 2024, was 0.00. This implies that the company had no long-term debt in relation to its capital structure during these periods. The consistent ratio of 0.00 indicates that the company has been financing its operations and investments primarily through equity rather than debt. It may suggest financial stability and lower financial risk due to the absence of significant debt obligations.
However, the lack of debt in the capital structure can also indicate missed opportunities for leveraging debt for potential growth or tax benefits. The absence of debt could limit the company's ability to benefit from potentially lower cost of debt compared to equity financing.
The missing data for the debt-to-capital ratio from the December 31, 2023 period indicates either insufficient data availability or a potential change in the company's financial structure during that period. Therefore, a more in-depth analysis of financial statements or additional information would be required to fully assess the debt management strategy and financial position of Concentra Group Holdings Parent, Inc.
Peer comparison
Sep 30, 2024