Privia Health Group Inc (PRVA)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 31,688 |
| Total stockholders’ equity | US$ in thousands | 561,437 | 499,094 | 426,872 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.07 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $561,437K)
= 0.00
The debt-to-capital ratio for Privia Health Group Inc has seen a noteworthy improvement over the past three years. As of December 31, 2021, the company had a debt-to-capital ratio of 0.07, indicating that 7% of its capital was funded by debt. However, by the end of both 2022 and 2023, the company managed to reduce its reliance on debt significantly, achieving a debt-to-capital ratio of 0.00 in both years. This suggests that Privia Health Group Inc has become less leveraged and more reliant on equity to finance its operations and growth, which could potentially enhance its financial stability and flexibility in the long run.
Peer comparison
Dec 31, 2023