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 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Total assets US$ in thousands 999,900 992,330 937,574 875,343 792,813 807,786 744,990 723,183 686,373 632,061 597,139 348,276
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
Financial leverage ratio 1.78 1.82 1.79 1.71 1.59 1.72 1.67 1.66 1.61 1.54 1.52 2.29

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

Company name
Symbol
Financial leverage ratio
Privia Health Group Inc
PRVA
1.78
US Physicalrapy Inc
USPH
2.09