DaVita HealthCare Partners Inc (DVA)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 17,311,400 | 17,451,800 | 19,931,000 | 22,605,900 |
| 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 |
| Financial leverage ratio | 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 | 8.11 | 7.53 | 4.92 | 5.83 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,893,600K ÷ $1,056,100K
= 16.00
The financial leverage ratio of DaVita Inc has been fluctuating over the past eight quarters.
In Q4 2022, the financial leverage ratio was at its highest at 31.84, indicating a high level of financial leverage and potentially higher financial risk for the company. However, the ratio showed a significant decrease in subsequent quarters, reaching its lowest point in Q3 2023 at 14.12.
The ratio then increased in Q4 2023 to 16.00, but still remained below the levels seen in the earlier periods. Overall, the trend suggests that DaVita Inc has been actively managing its financial leverage, aiming to reduce the reliance on debt to finance its operations.
It is important to monitor this ratio in the future to assess the company's ability to meet its financial obligations and to evaluate the effectiveness of its leverage management strategies.
Peer comparison
Dec 31, 2023