Option Care Health Inc (OPCH)

Debt-to-equity 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-equity ratio		0.74	0.73	0.72	0.78	0.76	0.79	0.82	0.87	0.90	1.02	1.06	1.10	1.10	1.17	1.47	1.47	1.41	1.37	0.34	0.86

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,056,650K ÷ $1,421,670K
= 0.74

Option Care Health Inc.'s debt-to-equity ratio demonstrates a slight fluctuation over the most recent quarters, ranging from 0.72 to 0.79. The trend suggests a moderate level of leverage, indicating that the company relies more on debt financing compared to equity. Although the ratio has not shown significant volatility, it is essential to monitor as higher levels of debt relative to equity could indicate increased financial risk and potential constraints on future growth opportunities. Additionally, a decreasing trend in the ratio may hint at the company actively repaying debt, improving its financial stability over time.