R1 RCM Inc (RCM)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,570,500 | 1,646,000 | — | 1,707,000 | 1,732,600 | 1,728,100 | 1,749,200 |
| Total assets | US$ in thousands | 4,960,200 | 5,040,100 | 4,876,800 | 3,425,600 | 5,121,800 | 5,081,100 | 5,075,300 |
| Debt-to-assets ratio | 0.32 | 0.33 | 0.00 | 0.50 | 0.34 | 0.34 | 0.34 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,570,500K ÷ $4,960,200K
= 0.32
The debt-to-assets ratio of R1 RCM Inc. has shown a relatively stable trend over the past eight quarters, ranging from 0.33 to 0.53. In general, a lower debt-to-assets ratio indicates a lower level of financial risk and a higher level of financial stability, as it suggests that the company's assets are financed more by equity rather than debt.
The ratios for Q4 2022 to Q1 2023 were consistently around 0.35, indicating that the company maintained a moderate level of debt relative to its assets during this period. However, there was a significant increase in the ratio in Q1 2022, reaching 0.53, which could suggest a temporary spike in debt levels or a decline in the value of assets during that quarter.
Overall, the trend in R1 RCM Inc.'s debt-to-assets ratio indicates that the company has managed its debt levels relative to its assets effectively, with fluctuations possibly influenced by specific events or financial decisions during certain quarters. Monitoring this ratio over time can provide insights into the company's capital structure and financial health.
Peer comparison
Dec 31, 2023