Option Care Health Inc (OPCH)

Solvency ratios

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
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
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
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
Financial leverage ratio 2.26 2.25 2.25 2.32 2.25 2.30 2.32 2.36 2.37 2.54 2.57 2.59 2.61 2.69 3.03 3.00 2.86 2.80 1.03 1.00

Option Care Health Inc.'s solvency ratios show consistent trends over the past eight quarters. The debt-to-assets ratio has remained relatively stable between 0.32 and 0.34, indicating that around one-third of the company's assets are financed by debt. This suggests a moderate level of leverage.

The debt-to-capital and debt-to-equity ratios exhibit a similar pattern, fluctuating within a narrow range. The debt-to-capital ratio hovers between 0.42 and 0.44, while the debt-to-equity ratio varies from 0.72 to 0.87. These ratios suggest that the company relies on debt for between 42% to 44% of its capital structure and between 72% to 87% of its equity financing.

Furthermore, the financial leverage ratio, which reflects the company's ability to meet its financial obligations through debt, has also shown stability around the range of 2.25 to 2.36. This consistent ratio indicates that the company is using debt as part of its financing strategy but is managing its leverage effectively.

Overall, Option Care Health Inc. appears to maintain a moderate level of debt in its capital structure, as reflected in its solvency ratios over the analyzed quarters.

Coverage ratios

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
Interest coverage 8.00 7.43 6.85 4.95 4.82 4.53 4.15 3.67 2.74 2.15 1.61 1.12 0.95 0.66 0.28 -0.01 -0.06 -0.07 0.31 0.50

The interest coverage ratio for Option Care Health Inc. has shown a steady improvement over the recent quarters, indicating the company's ability to meet its interest obligations with its earnings. The ratio has increased from 3.68 in Q1 2022 to 6.25 in Q4 2023, demonstrating a consistent and positive trend.

This improvement in interest coverage reflects positively on the company's financial health and ability to generate earnings to cover its interest expenses. A higher interest coverage ratio indicates that the company has a stronger ability to service its debt and handle any potential fluctuations in its earnings.

Overall, the increasing trend in Option Care Health Inc.'s interest coverage ratio suggests that the company is effectively managing its debt obligations and is in a solid financial position to meet its interest payments in the future.