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

Company name
Symbol
Debt-to-capital ratio
DaVita HealthCare Partners Inc
DVA
0.00
Progyny Inc
PGNY
0.00
Sotera Health Co
SHC
0.83