RadNet Inc (RDNT)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,286,690 | 2,690,470 | 2,433,910 | 2,058,470 | 1,786,660 |
| Total stockholders’ equity | US$ in thousands | 902,308 | 630,695 | 332,995 | 228,904 | 165,743 |
| Financial leverage ratio | 3.64 | 4.27 | 7.31 | 8.99 | 10.78 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,286,690K ÷ $902,308K
= 3.64
The financial leverage ratio of RadNet Inc has shown a declining trend over the years, indicating a more conservative capital structure and lower reliance on debt financing. The ratio decreased from 10.78 in December 2020 to 3.64 in December 2024, reflecting a substantial reduction in financial leverage. This downward trend suggests that the company has been gradually reducing its debt levels relative to equity, potentially improving its financial stability and reducing the risk of default. Overall, the declining financial leverage ratio signals a positive shift towards a more sustainable and balanced capital structure for RadNet Inc.
Peer comparison
Dec 31, 2024