Concentra Group Holdings Parent, Inc. (CON)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,155,600K
= 0.00
The debt-to-equity ratio for Concentra Group Holdings Parent, Inc. has remained consistently at 0.00 for the years 2022 and 2023. This ratio indicates that the company has no debt or a very minimal amount of debt relative to its equity. A debt-to-equity ratio of 0.00 suggests that the company is primarily financed by equity rather than debt. This can be viewed positively by investors and lenders as it signifies a lower financial risk and potential for financial stability. However, it is worth noting that for the year 2021, the data is missing, so a comprehensive trend analysis over a longer period is not possible. Overall, based on the information available, Concentra Group Holdings Parent, Inc. appears to have a strong financial position in terms of its debt-to-equity ratio.
Peer comparison
Dec 31, 2023