RadNet Inc (RDNT)
Debt-to-equity 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-equity ratio | 1.29 | 1.36 | 1.43 | 2.60 | 2.52 | 2.35 | 2.36 | 2.48 | 3.25 | 3.32 | 3.80 | 3.27 | 3.70 | 3.99 | 4.30 | 5.86 | 4.30 | 4.92 | 5.03 | 4.65 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $812,068K ÷ $630,695K
= 1.29
The debt-to-equity ratio of Radnet Inc has shown fluctuations over the past eight quarters. In Q4 2023, the ratio stood at 1.32, indicating that for every dollar of equity, the company had $1.32 in debt. This was a decrease from the previous quarter, where the ratio was 1.39, and a continuation of the declining trend observed since Q2 2023 when it was at its peak of 2.65.
The downward trend in the debt-to-equity ratio from Q2 2023 suggests that Radnet Inc has been managing its debt levels relative to its equity more effectively. Lower debt-to-equity ratios generally indicate a lower financial risk for investors, as the company relies less on debt to finance its operations.
It is important to note that while the trend is currently favorable, it would be beneficial for Radnet Inc to continue monitoring and managing its debt levels to ensure a sustainable balance between debt and equity financing.
Peer comparison
Dec 31, 2023