RadNet Inc (RDNT)
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 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 812,068 | 844,302 | 848,333 | 852,354 | 839,344 | 735,500 | 737,916 | 740,707 | 743,498 | 746,288 | 749,079 | 602,684 | 612,913 | 627,226 | 634,960 | 723,049 | 652,979 | 662,956 | 672,979 | 631,412 |
| Total assets | US$ in thousands | 2,690,470 | 2,688,020 | 2,705,290 | 2,414,070 | 2,433,910 | 2,247,160 | 2,240,720 | 2,141,520 | 2,058,470 | 2,042,360 | 2,032,200 | 1,828,790 | 1,786,660 | 1,717,870 | 1,717,000 | 1,699,390 | 1,646,990 | 1,617,900 | 1,596,680 | 1,526,070 |
| Debt-to-assets ratio | 0.30 | 0.31 | 0.31 | 0.35 | 0.34 | 0.33 | 0.33 | 0.35 | 0.36 | 0.37 | 0.37 | 0.33 | 0.34 | 0.37 | 0.37 | 0.43 | 0.40 | 0.41 | 0.42 | 0.41 |
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 been relatively stable over the past eight quarters, hovering around the range of 0.31 to 0.36. This ratio indicates that, on average, Radnet finances approximately 31% to 36% of its assets with debt.
A decreasing trend in the debt-to-assets ratio over time would typically signal improved financial health and lower financial risk, as it suggests that the company is relying less on debt to fund its operations and investments. Conversely, an increasing trend in this ratio could indicate a higher level of financial leverage and potential liquidity or solvency concerns.
Overall, with a relatively consistent debt-to-assets ratio within a narrow range, Radnet appears to have a moderate level of debt relative to its asset base. Further analysis and comparison with industry peers could provide additional insights into the company's financial leverage position.
Peer comparison
Dec 31, 2023