Option Care Health Inc (OPCH)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,056,650 | 1,058,200 | 1,059,900 | 1,115,100 | 1,277,250 |
| Total assets | US$ in thousands | 3,217,040 | 3,112,940 | 2,790,920 | 2,647,440 | 2,589,550 |
| Debt-to-assets ratio | 0.33 | 0.34 | 0.38 | 0.42 | 0.49 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,056,650K ÷ $3,217,040K
= 0.33
The debt-to-assets ratio of Option Care Health Inc. has decreased consistently over the past five years, declining from 0.50 in 2019 to 0.33 in 2023. This indicates a positive trend in the company's ability to finance its assets through debt. A lower debt-to-assets ratio implies that a smaller portion of the company's assets is funded by debt, which can be seen as a favorable indicator of financial stability and solvency. Option Care Health Inc.'s decreasing debt-to-assets ratio suggests improved financial health and a reduced risk of default, as the company relies less on debt financing to support its operations and investments. The company's management of its debt levels and asset base appears to be effective, reflecting prudent financial management practices.
Peer comparison
Dec 31, 2023