RadNet Inc (RDNT)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 812,068 | 839,344 | 743,498 | 612,913 | 652,979 |
| Total assets | US$ in thousands | 2,690,470 | 2,433,910 | 2,058,470 | 1,786,660 | 1,646,990 |
| Debt-to-assets ratio | 0.30 | 0.34 | 0.36 | 0.34 | 0.40 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $812,068K ÷ $2,690,470K
= 0.30
The debt-to-assets ratio of Radnet Inc has shown a declining trend over the past five years, indicating a positive sign in terms of the company's leverage and financial health. The ratio decreased from 0.42 in 2019 to 0.31 in 2023, suggesting that Radnet Inc has been using less debt relative to its assets to finance its operations.
This improving trend implies that the company has been able to better manage its debt levels and potentially reduce financial risk. Lower debt-to-assets ratios indicate that a company has lower financial leverage and may be less exposed to the risk of default.
Overall, the decreasing trend in Radnet Inc's debt-to-assets ratio signifies a stronger financial position and improved stability for the company as it progresses over the years.
Peer comparison
Dec 31, 2023