DaVita HealthCare Partners Inc (DVA)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 17,285,300 | 17,503,700 | 17,025,600 | 17,430,900 | 16,893,600 | 16,928,700 | 16,958,800 | 16,727,800 | 16,928,300 | 16,961,800 | 17,100,600 | 17,087,000 | 17,121,500 | 17,633,900 | 17,810,300 | 17,647,300 | 16,988,500 | 17,046,700 | 19,305,100 | 17,596,300 |
| Total stockholders’ equity | US$ in thousands | 121,122 | 386,715 | 632,900 | 925,997 | 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 |
| Financial leverage ratio | 142.71 | 45.26 | 26.90 | 18.82 | 16.00 | 14.12 | 16.67 | 20.26 | 23.76 | 31.84 | 28.28 | 20.25 | 22.66 | 15.34 | 13.94 | 14.14 | 12.28 | 10.82 | 8.96 | 9.03 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $17,285,300K ÷ $121,122K
= 142.71
The financial leverage ratio of DaVita HealthCare Partners Inc has shown significant fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio increased steadily from 9.03 on March 31, 2020, to peak at 142.71 on December 31, 2024. This indicates a substantial increase in the company's reliance on debt financing relative to its equity during this period.
The ratio fluctuated throughout the period, with some fluctuations being more pronounced than others. For example, there was a sharp increase from 10.82 on September 30, 2020, to 22.66 on December 31, 2021. This period saw a rapid increase in the company's financial leverage, possibly indicating strategic decisions to utilize more debt to finance operations or acquisitions.
Subsequently, the ratio decreased to 14.12 on September 30, 2023, before increasing again to 45.26 on September 30, 2024. The sharp increase in the ratio in the last quarter of 2024 to 142.71 may raise concerns about the company's ability to service its debt obligations or its overall financial stability.
Overall, the fluctuation in the financial leverage ratio of DaVita HealthCare Partners Inc over the period indicates varying levels of debt usage and potential shifts in the company's capital structure. Investors and stakeholders may need to closely monitor these changes to assess the company's financial risk and performance going forward.
Peer comparison
Dec 31, 2024