RadNet Inc (RDNT)

Debt-to-assets ratio

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 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Long-term debt US$ in thousands 991,574 996,272 1,002,390 814,442 812,068 844,302 848,333 852,354 839,344 735,500 737,916 740,707 743,498 746,288 749,079 602,684 612,913 627,226 634,960 723,049
Total assets US$ in thousands 3,286,690 3,275,340 3,229,420 2,969,560 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
Debt-to-assets ratio 0.30 0.30 0.31 0.27 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

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 of RadNet Inc has shown a declining trend over the past few years, decreasing from 0.43 as of March 31, 2020, to 0.30 as of December 31, 2024. This indicates that the company has been successful in reducing its reliance on debt to finance its assets. A lower debt-to-assets ratio signifies a healthier financial position, as it suggests that a smaller portion of the company's assets is financed by debt. RadNet Inc's decreasing debt-to-assets ratio indicates a positive trend towards financial stability and a potentially lower risk profile.