Privia Health Group Inc (PRVA)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 31,688 |
| Total assets | US$ in thousands | 999,900 | 792,813 | 686,373 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.05 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $999,900K
= 0.00
The debt-to-assets ratio for Privia Health Group Inc has shown a declining trend over the past three years. As of December 31, 2023, the company has reported a debt-to-assets ratio of 0.00, indicating that the company's total debt is nil in relation to its total assets. This suggests that the company is primarily funded by equity rather than debt.
Comparing this to the ratios of 0.00 in 2022 and 0.05 in 2021, we see a consistent low level of debt relative to total assets. This trend may indicate that Privia Health Group Inc has a conservative financial policy, which could potentially lower its financial risk and increase its financial stability.
However, a debt-to-assets ratio of 0.00 can also suggest that the company may not be taking advantage of the benefits of leverage, such as tax deductions on interest payments. Overall, while a low debt-to-assets ratio signifies financial strength and stability, it's important for the company to strike a balance between equity and debt financing to optimize its capital structure.
Peer comparison
Dec 31, 2023