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.