Privia Health Group Inc (PRVA)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.07 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $561,437K
= 0.00
The debt-to-equity ratio for Privia Health Group Inc has shown a consistent trend of 0.00 for the years 2023 and 2022. This indicates that the company has not taken on any debt relative to its equity during these periods. However, it is noteworthy that there was a significant decrease in the debt-to-equity ratio from 0.08 in 2021 to 0.00 in the subsequent years, suggesting a significant reduction in the proportion of debt used to finance the company's operations. Overall, the 0.00 debt-to-equity ratio in 2023 and 2022 reflects a strong capital structure with a minimal reliance on debt financing, potentially signaling financial stability and a lower risk profile for Privia Health Group Inc.
Peer comparison
Dec 31, 2023