Privia Health Group Inc (PRVA)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Dec 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.79 | 1.86 | 1.81 | 1.79 | 1.78 | 1.82 | 1.79 | 1.71 | 1.59 | 1.72 | 1.67 | 1.66 | 1.61 | 1.54 | 1.52 | 2.29 | 2.24 |
Privia Health Group Inc has consistently maintained a strong solvency position, as indicated by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios. These ratios have remained at 0.00 over the analyzed periods from December 31, 2020, to December 31, 2024, suggesting that the company has not relied heavily on debt to finance its operations and investments.
Additionally, the financial leverage ratio of Privia Health Group has shown some fluctuation during the same period, ranging from 1.52 to 2.29. The decreasing trend in the financial leverage ratio from 2.29 on March 31, 2021, to 1.79 on June 30, 2024, indicates an improvement in the company's ability to meet its financial obligations with its equity capital rather than debt.
Overall, the solvency ratios illustrate that Privia Health Group Inc has a stable financial structure with low debt levels in relation to its assets, capital, and equity, reflecting a conservative financial management approach and solid solvency position.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Dec 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 0.00 | 0.00 | 0.01 | 0.01 | 3.22 | 2.80 | -0.22 | -8.20 | -29.83 | -35.68 | -234.31 | -203.21 | -146.69 | -112.50 | 15.39 | 13.25 |
The interest coverage ratio for Privia Health Group Inc has displayed significant fluctuations over the periods outlined. As of December 31, 2020, the interest coverage stood at 13.25, indicating that the company generated earnings of more than 13 times its interest obligations. This ratio improved further to 15.39 by March 31, 2021.
However, the company encountered financial challenges in the subsequent quarters, with the interest coverage plummeting to negative figures. The interest coverage ratios for June 30, 2021, September 30, 2021, December 31, 2021, March 31, 2022, June 30, 2022, and September 30, 2022 were -112.50, -146.69, -203.21, -234.31, -35.68, and -29.83, respectively. These negative values suggest that the company's earnings were insufficient to cover its interest expenses during these periods.
By December 31, 2022, the interest coverage improved slightly to -8.20 and continued to increase gradually over the subsequent quarters to reach 3.22 by September 30, 2023. The positive trend in interest coverage indicates that the company's earnings were better able to cover its interest payments as time progressed.
As of December 31, 2023, the interest coverage ratio was at 0.01, which signifies a marginal improvement from the negative figures seen in the previous periods. The ratio remained stable at 0.01 for the subsequent quarters up to December 31, 2024.
Overall, the fluctuations in Privia Health Group Inc's interest coverage ratio indicate varying levels of financial health and ability to meet interest obligations throughout the periods analyzed.