RadNet Inc (RDNT)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 630,695 | 618,901 | 593,159 | 327,922 | 332,995 | 313,006 | 312,183 | 298,847 | 228,904 | 224,837 | 197,064 | 184,358 | 165,743 | 157,205 | 147,808 | 123,375 | 151,685 | 134,663 | 133,918 | 135,900 |
| Debt-to-capital ratio | 0.56 | 0.58 | 0.59 | 0.72 | 0.72 | 0.70 | 0.70 | 0.71 | 0.76 | 0.77 | 0.79 | 0.77 | 0.79 | 0.80 | 0.81 | 0.85 | 0.81 | 0.83 | 0.83 | 0.82 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $812,068K ÷ ($812,068K + $630,695K)
= 0.56
The debt-to-capital ratio of Radnet Inc has shown some fluctuation over the past eight quarters. The ratio has ranged from a low of 0.57 in Q4 2023 to a high of 0.73 in Q1 2023. Generally, the trend has been increasing from Q4 2022 to Q1 2023, indicating a higher reliance on debt in financing the company's operations during that period. However, it decreased slightly in Q2 and Q3 2023 before rising again in Q4 2023.
Overall, the debt-to-capital ratio has been hovering around the 0.70 to 0.73 range, suggesting that Radnet Inc has been maintaining a moderate level of debt relative to its total capital structure. It is essential for investors and stakeholders to monitor this ratio over time to assess the company's risk levels and financial leverage.
Peer comparison
Dec 31, 2023