Option Care Health Inc (OPCH)

Debt-to-assets 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
Long-term debt	US$ in thousands	1,056,650	1,057,020	1,057,390	1,057,790	1,058,200	1,058,610	1,059,020	1,059,450	1,059,900	1,117,820	1,119,460	1,121,140	1,115,100	1,162,840	1,275,380	1,276,330	1,277,250	1,259,460	200,083	511,818
Total assets	US$ in thousands	3,217,040	3,243,620	3,320,900	3,130,400	3,112,940	3,073,260	2,985,910	2,878,280	2,790,920	2,786,140	2,718,760	2,640,470	2,647,440	2,668,490	2,626,260	2,612,530	2,589,550	2,581,920	600,577	597,190
Debt-to-assets ratio		0.33	0.33	0.32	0.34	0.34	0.34	0.35	0.37	0.38	0.40	0.41	0.42	0.42	0.44	0.49	0.49	0.49	0.49	0.33	0.86

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,056,650K ÷ $3,217,040K
= 0.33

Option Care Health Inc.'s debt-to-assets ratio has remained relatively stable over the past eight quarters, ranging from 0.32 to 0.37. A debt-to-assets ratio of 0.33 in Q4 2023 indicates that approximately 33% of the company's assets are financed through debt. This indicates a moderate level of leverage, as the company relies more on equity financing. The consistency in the range of debt-to-assets ratios suggests a prudent approach to managing debt levels and asset utilization. Overall, the company appears to have a balanced capital structure, which may reflect a cautious approach to financial risk management.