Privia Health Group Inc (PRVA)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.79 | 1.78 | 1.59 | 1.61 | 2.24 |
Based on the provided data, it is evident that Privia Health Group Inc maintains a strong solvency position, as indicated by the consistently low levels of its solvency ratios.
The Debt-to-assets ratio for Privia Health Group Inc has remained at a stable and healthy level of 0.00 across the years from 2020 to 2024. This indicates that the company has no debt relative to its total assets, reflecting a low financial risk and a strong financial position.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio for Privia Health Group Inc have also remained constant at 0.00 throughout the period under consideration. These ratios suggest that the company is not reliant on debt to finance its operations and that its capital structure is predominantly composed of equity, which is considered favorable from a solvency perspective.
Furthermore, the Financial leverage ratio, which provides an insight into the extent to which a company utilizes debt to finance its operations, has shown a decreasing trend from 2.24 in 2020 to 1.79 in 2024. This reduction indicates that the company is becoming less reliant on debt financing over time, which can lead to lower financial risk and greater financial stability.
In summary, Privia Health Group Inc demonstrates a strong solvency position with minimal debt levels and a healthy capital structure, as evidenced by its consistently low solvency ratios across the years. This indicates a solid financial foundation and the ability to weather economic uncertainties and challenges effectively.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | — | 2.47 | -35.28 | -203.21 | 13.24 |
Based on the interest coverage data provided for Privia Health Group Inc, there are significant fluctuations in the company's ability to cover its interest expenses over the years.
As of December 31, 2020, Privia Health Group Inc had an interest coverage ratio of 13.24, indicating that the company generated more than enough operating income to cover its interest obligations. However, by December 31, 2021, the interest coverage ratio plummeted to -203.21, which suggests that the company's operating income was insufficient to cover its interest expenses.
The negative interest coverage ratios for December 31, 2021, and December 31, 2022, indicate financial distress, as the company was unable to generate enough earnings to meet its interest obligations during those periods.
The interest coverage ratio improved slightly by December 31, 2023, reaching 2.47, but it still indicates a relatively tight financial position regarding covering interest expenses.
Unfortunately, no data is provided for December 31, 2024, which limits a complete analysis of Privia Health Group Inc's interest coverage trend. Overall, the data highlights the importance for the company to closely monitor and manage its interest obligations to ensure long-term financial stability and sustainability.