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.
Peer comparison
Dec 31, 2023