Option Care Health Inc (OPCH)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,421,670	1,440,080	1,475,380	1,350,220	1,386,100	1,337,340	1,284,990	1,221,760	1,175,890	1,097,480	1,056,610	1,018,080	1,015,720	993,496	867,966	870,493	906,827	921,682	584,146	597,171
Debt-to-capital ratio		0.43	0.42	0.42	0.44	0.43	0.44	0.45	0.46	0.47	0.50	0.51	0.52	0.52	0.54	0.60	0.59	0.58	0.58	0.26	0.46

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,056,650K ÷ ($1,056,650K + $1,421,670K)
= 0.43

Option Care Health Inc.'s debt-to-capital ratio has been relatively consistent over the past eight quarters, ranging from 0.42 to 0.47. The ratio indicates that, on average, around 42-47% of the company's capital structure is financed by debt. This suggests that Option Care Health Inc. has moderate leverage, with a significant portion of its capital coming from debt sources. A lower ratio would indicate less reliance on debt financing, while a higher ratio would suggest higher financial risk due to increased debt levels. The stability of the debt-to-capital ratio over time may indicate a consistent approach to capital structure management by the company. Further analysis of the company's debt levels, interest coverage, and overall financial health would provide a more complete understanding of its financial position.