DaVita HealthCare Partners Inc (DVA)
Debt-to-capital ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,056,100 | 1,199,200 | 1,017,440 | 825,470 | 712,326 | 532,672 | 604,784 | 843,771 | 755,508 | 1,149,440 | 1,277,780 | 1,248,110 | 1,383,570 | 1,574,760 | 2,153,920 | 1,947,850 | 2,133,410 | 2,318,580 | 4,049,300 | 3,875,350 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,056,100K)
= 0.00
The debt-to-capital ratio of DaVita Inc has shown a declining trend from Q4 2022 to Q2 2023, dropping from 0.94 to 0.91. However, there was a slight increase in Q3 2023 to 0.89. The ratio further increased in Q4 2023 to 0.90.
A high debt-to-capital ratio indicates that the company relies more on debt financing rather than equity financing to fund its operations. DaVita Inc's ratio has generally been on the higher side, signaling a significant portion of its capital structure is comprised of debt.
It is important for investors and stakeholders to monitor the trend of the debt-to-capital ratio over time to assess DaVita Inc's financial leverage and ability to meet its debt obligations. Despite the recent fluctuations, a consistent assessment and comparison with industry benchmarks would provide deeper insights into the company's financial health and risk profile.
Peer comparison
Dec 31, 2023