Concentra Group Holdings Parent, Inc. (CON)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Total assets | US$ in thousands | 2,333,560 | 2,297,240 | — |
| Total stockholders’ equity | US$ in thousands | 1,155,600 | 973,317 | — |
| Financial leverage ratio | 2.02 | 2.36 | — |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,333,560K ÷ $1,155,600K
= 2.02
The financial leverage ratio of Concentra Group Holdings Parent, Inc. has decreased from 2.36 in 2022 to 2.02 in 2023. This indicates that the company's reliance on debt financing has reduced, reflecting a potentially more conservative capital structure. However, the absence of financial leverage ratio data for 2021 makes it challenging to assess the trend over a longer period. Generally, a lower financial leverage ratio suggests lower financial risk due to a decreased reliance on debt, but it may also signal potentially missed opportunities for leveraging debt for growth or other strategic initiatives. A more comprehensive analysis considering the company's overall financial health and strategic objectives would provide deeper insights into the implications of this change in the financial leverage ratio.
Peer comparison
Dec 31, 2023