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.
Peer comparison
Dec 31, 2023