Privia Health Group Inc (PRVA)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | 31,507 | 31,688 | 31,664 | 31,893 | 32,293 |
| Total stockholders’ equity | US$ in thousands | 561,437 | 544,681 | 525,232 | 513,276 | 499,094 | 470,186 | 445,155 | 435,042 | 426,872 | 410,600 | 393,300 | 152,247 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.07 | 0.07 | 0.08 | 0.17 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $561,437K)
= 0.00
Privia Health Group Inc has maintained a consistent debt-to-capital ratio of 0.00 throughout the last four quarters of 2023. This indicates that the company has not utilized debt as a significant part of its capital structure during this period. However, there was a slight increase in the debt-to-capital ratio in Q1 2022, where it reached 0.07, implying a small proportion of debt compared to capital. Overall, the consistently low or zero debt-to-capital ratio suggests that Privia Health Group Inc relies more on equity financing rather than debt to fund its operations and investments. This conservative approach may indicate a lower financial risk for the company, as it indicates lower leverage and potential future debt repayment obligations.
Peer comparison
Dec 31, 2023