Concentra Group Holdings Parent, Inc. (CON)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | — | — | 0.00 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $277,780K
= 0.00
Based on the data provided, Concentra Group Holdings Parent, Inc. has consistently reported a debt-to-equity ratio of 0.00 in the financial statements for the periods ending September 30, 2024, June 30, 2024, March 31, 2024, and March 31, 2023. The ratio indicates that the company has no debt relative to its equity during these periods.
It is worth noting that for the period ending December 31, 2023, the debt-to-equity ratio was not reported, so we lack information about the company's leverage position for that specific period. However, the consistent 0.00 ratio observed in the other periods suggests that Concentra Group Holdings Parent, Inc. either operates with minimal or no debt in relation to its equity, which can be seen as a positive indicator of the company's financial stability and potentially lower financial risk.
In conclusion, the trend of a 0.00 debt-to-equity ratio for Concentra Group Holdings Parent, Inc. signifies a prudent approach to capital structure management and suggests a healthy balance between debt and equity in the company's overall financial position.
Peer comparison
Sep 30, 2024