Privia Health Group Inc (PRVA)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 999,900 | 992,330 | 937,574 | 875,343 | 792,813 | 807,786 | 744,990 | 723,183 | 686,373 |
| Total stockholders’ equity | US$ in thousands | 561,437 | 544,681 | 525,232 | 513,276 | 499,094 | 470,186 | 445,155 | 435,042 | 426,872 |
| Financial leverage ratio | 1.78 | 1.82 | 1.79 | 1.71 | 1.59 | 1.72 | 1.67 | 1.66 | 1.61 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $999,900K ÷ $561,437K
= 1.78
The financial leverage ratio of Privia Health Group Inc has shown some variability over the past eight quarters, ranging from a low of 1.59 in Q4 2022 to a high of 1.82 in Q3 2023. The general trend appears to be fluctuating around the 1.7 range, indicating that the company's reliance on debt to finance its operations has remained relatively stable. However, the recent increase to 1.82 in Q3 2023 suggests a slight uptick in leverage compared to previous quarters. It is essential for management to monitor this ratio closely to ensure that the company's debt levels are sustainable and in line with its overall financial strategy and goals.
Peer comparison
Dec 31, 2023