RadNet Inc (RDNT)
Financial leverage 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
Total stockholders’ equity | US$ in thousands | 902,308 | 895,313 | 880,966 | 872,955 | 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 |
Financial leverage ratio | 3.64 | 3.66 | 3.67 | 3.40 | 4.27 | 4.34 | 4.56 | 7.36 | 7.31 | 7.18 | 7.18 | 7.17 | 8.99 | 9.08 | 10.31 | 9.92 | 10.78 | 10.93 | 11.62 | 13.77 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,286,690K ÷ $902,308K
= 3.64
RadNet Inc's financial leverage ratio has shown a declining trend from March 31, 2020, to December 31, 2024, indicating a reduction in the company's reliance on debt to finance its operations and investments. The ratio decreased from 13.77 on March 31, 2020, to 3.64 on December 31, 2024. This suggests that the company has improved its financial stability and reduced the risk associated with high levels of debt over this period. The decreasing trend indicates that RadNet Inc has been able to manage its capital structure effectively and potentially strengthen its overall financial health.
Peer comparison
Dec 31, 2024