Concentra Group Holdings Parent, Inc. (CON)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,521,160 | 2,481,040 | 2,363,340 | 2,366,160 |
| Total stockholders’ equity | US$ in thousands | 275,671 | 277,780 | 1,246,780 | 1,195,760 |
| Financial leverage ratio | 9.15 | 8.93 | 1.90 | 1.98 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,521,160K ÷ $275,671K
= 9.15
The financial leverage ratio of Concentra Group Holdings Parent, Inc. has shown fluctuations over the quarters in 2024. The ratio was 1.98 at the end of March 31, 2024, indicating that the company had $1.98 of debt for each dollar of equity. This ratio decreased slightly to 1.90 by June 30, 2024, suggesting a slight improvement in the company's leverage position.
However, a significant spike in the financial leverage ratio was observed in the following quarters, reaching 8.93 by September 30, 2024, and further climbing to 9.15 by December 31, 2024. These high ratios indicate a substantial increase in the proportion of debt relative to equity in the company's capital structure.
Such a sharp increase in the financial leverage ratio could raise concerns about Concentra Group Holdings Parent, Inc.'s financial stability and ability to service its debt obligations. It is essential for stakeholders to closely monitor the company's leverage levels and assess its overall financial health and risk profile.
Peer comparison
Dec 31, 2024