Privia Health Group Inc (PRVA)
Solvency ratios
| 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 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.05 | 0.05 | 0.05 | 0.09 |
| 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 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.07 | 0.08 | 0.08 | 0.21 |
| 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 |
Privia Health Group Inc has consistently maintained a strong solvency position, as indicated by its exceptionally low debt-to-assets, debt-to-capital, and debt-to-equity ratios of 0.00 across all quarters analyzed. This signifies that the company's assets are primarily funded through equity rather than debt, minimizing financial risk.
Additionally, the financial leverage ratio has shown some fluctuation over the quarters, ranging from 1.59 to 1.82. Despite the variability, the ratios have generally remained below 2, indicating that Privia Health Group Inc relies more on equity financing than debt to support its operations and investments.
Overall, the company's solvency ratios suggest a robust financial footing with minimal leverage and risk exposure, positioning Privia Health Group Inc favorably in terms of long-term stability and ability to meet its financial obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 0.01 | 3.22 | 2.80 | -0.22 | -8.08 | -29.86 | -34.25 | -233.68 | -195.43 |
Interest coverage ratio is a financial metric used to evaluate a company's ability to meet its interest payments on outstanding debt. It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense. A higher interest coverage ratio indicates that the company is more capable of paying off its interest obligations.
Based on the data provided for Privia Health Group Inc, the interest coverage ratios for Q4 2022, Q3 2022, and Q2 2022 were -234.31, -35.68, and -51.22, respectively. These negative values suggest that the company's EBIT was insufficient to cover its interest expenses during these periods.
It is important to note that the absence of data for Q1 2023, Q2 2023, Q3 2023, and Q4 2023 makes it challenging to provide a complete assessment of Privia Health Group Inc's recent interest coverage performance. However, the negative interest coverage ratios in the earlier quarters indicate a concerning trend where the company was potentially facing challenges in meeting its interest obligations.
In analyzing interest coverage, investors and creditors typically look for positive ratios, ideally above 1, to ensure that the company's earnings are sufficient to cover its interest payments. A consistently low or negative interest coverage ratio may raise red flags about the company's financial health and its ability to service its debt in the long term.