RadNet Inc (RDNT)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands 991,574 812,068 839,344 743,498 612,913
Total assets US$ in thousands 3,286,690 2,690,470 2,433,910 2,058,470 1,786,660
Debt-to-assets ratio 0.30 0.30 0.34 0.36 0.34

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $991,574K ÷ $3,286,690K
= 0.30

The debt-to-assets ratio for RadNet Inc has displayed a relatively stable trend over the past five years. It stood at 0.34 as of December 31, 2020, increased slightly to 0.36 by the end of 2021, and then reverted back to 0.34 in 2022. Subsequently, there was a decline in the ratio to 0.30 as of both December 31, 2023, and December 31, 2024.

A debt-to-assets ratio of less than 1 indicates that RadNet Inc's assets are primarily financed by equity rather than debt. The downward trend in the ratio over the last two years suggests a reduction in the relative level of debt compared to total assets, which could potentially reflect effective debt management or increased asset base. It is important to continue monitoring this ratio to assess RadNet Inc's financial leverage and ability to cover its debt obligations.