DaVita HealthCare Partners Inc (DVA)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,056,100 | 712,326 | 755,508 | 1,383,570 | 2,133,410 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,056,100K
= 0.00
The debt-to-equity ratio for DaVita Inc has fluctuated over the past five years, indicating changes in the company's capital structure and leverage. In 2023, the ratio decreased to 9.37 from 14.42 in 2022, suggesting a reduction in the proportion of debt relative to equity. This may indicate improved financial health and reduced risk associated with the company's debt obligations.
Comparing to previous years, the ratio was higher in 2022 and 2021 at 14.42 and 13.69, respectively, indicating a higher level of debt compared to equity during those years. The increase in 2022 from 2021 suggests higher reliance on debt financing, which could potentially increase financial risk.
In contrast, the ratios were lower in 2020 and 2019 at 6.81 and 4.35, respectively, indicating a lower level of debt compared to equity during those years. This may suggest a more conservative approach to financing and lower financial risk.
Overall, the trend in DaVita Inc's debt-to-equity ratio indicates varying degrees of leverage and capital structure management over the past five years, with the company potentially adjusting its financing mix to optimize its financial position.
Peer comparison
Dec 31, 2023