DaVita HealthCare Partners Inc (DVA)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 16,893,600 | 16,928,300 | 17,121,500 | 16,988,500 | 17,311,400 |
| Total stockholders’ equity | US$ in thousands | 1,056,100 | 712,326 | 755,508 | 1,383,570 | 2,133,410 |
| Financial leverage ratio | 16.00 | 23.76 | 22.66 | 12.28 | 8.11 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,893,600K ÷ $1,056,100K
= 16.00
The financial leverage ratio for DaVita Inc has fluctuated over the past five years. In 2023, the ratio stands at 16.00, indicating that for every dollar of equity, the company has $16.00 of total assets.
Compared to the previous year, the financial leverage ratio decreased from 23.76 in 2022 to 16.00 in 2023. This reduction may suggest a decrease in the company's reliance on debt financing to fund its operations.
In 2021, the financial leverage ratio was 22.66, higher than in 2023. Although lower than in 2020 and 2019, the ratio remained elevated, indicating a comparatively higher level of financial leverage during that period.
The financial leverage ratio in 2020 was notably lower at 12.28, representing a significant decrease from the preceding years. This could indicate a shift towards a less leveraged capital structure or a decrease in total assets.
In 2019, the financial leverage ratio was 8.11, the lowest among the five years analyzed. This suggests a relatively conservative financing approach with lower reliance on debt to support the company's operations.
Overall, the trend in DaVita Inc's financial leverage ratio reflects variations in the company's capital structure and financing decisions over the years, with fluctuations indicating changes in the proportion of debt and equity used to finance its assets.
Peer comparison
Dec 31, 2023