Concentra Group Holdings Parent, Inc. (CON)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,521,160 | 2,333,560 | 2,297,240 | — |
| Total stockholders’ equity | US$ in thousands | 275,671 | 1,155,600 | 973,317 | — |
| Financial leverage ratio | 9.15 | 2.02 | 2.36 | — |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,521,160K ÷ $275,671K
= 9.15
The financial leverage ratio for Concentra Group Holdings Parent, Inc. provides insights into the company's long-term debt obligations and its ability to meet those obligations.
For the fiscal year ending December 31, 2021, the financial leverage ratio is not available ("-"), which could indicate a lack of long-term debt during that period.
In December 31, 2022, the financial leverage ratio stood at 2.36, suggesting that the company relied on debt financing equivalent to 2.36 times its equity. This level of leverage indicates a moderate reliance on debt to fund its operations and investments.
By December 31, 2023, the financial leverage ratio decreased to 2.02, indicating a slight reduction in the company's debt relative to equity. This reduction could suggest a more conservative approach to managing its capital structure.
However, in December 31, 2024, the financial leverage ratio significantly increased to 9.15, signifying a substantial rise in the company's debt compared to equity. This sharp increase could raise concern about the company's financial risk and its ability to cover its debt obligations.
Overall, analyzing the trend in Concentra Group Holdings Parent, Inc.'s financial leverage ratios reveals fluctuations in its capital structure and the level of risk associated with its debt financing over the analyzed periods.
Peer comparison
Dec 31, 2024