DaVita HealthCare Partners Inc (DVA)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 16,893,600 | 16,928,300 | 17,121,500 | 16,988,500 | 17,311,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $16,893,600K
= 0.00
The debt-to-assets ratio of DaVita Inc has shown a slight fluctuation over the past five years. It increased from 0.54 in 2019 to 0.59 in 2023, with a peak of 0.61 in 2022. This indicates that the company's level of debt in relation to its total assets has been relatively stable, hovering around the 0.60 mark in recent years.
A debt-to-assets ratio of above 0.50 suggests that DaVita Inc relies more on debt financing to fund its operations and investments than on equity. While a higher ratio can indicate higher financial risk due to increased leverage, it can also signal that the company is using debt to finance growth opportunities or capital expenditures.
Overall, the trend in DaVita Inc's debt-to-assets ratio suggests that the company has maintained a moderate level of debt relative to its assets in recent years. This ratio should be considered in conjunction with other financial metrics and factors to assess the company's overall financial health and risk profile.
Peer comparison
Dec 31, 2023