RadNet Inc (RDNT)

Financial leverage 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
Total assets US$ in thousands 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 1,646,990 1,617,900 1,596,680 1,526,070
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
Financial leverage ratio 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 10.86 12.01 11.92 11.23

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,690,470K ÷ $630,695K
= 4.27

The financial leverage ratio of Radnet Inc has been fluctuating over the past eight quarters, ranging from 4.27 to 7.36. A higher financial leverage ratio indicates that the company relies more on debt to finance its operations and investments, which can amplify returns but also increase financial risk.

In Q1 2023 and Q2 2023, the financial leverage ratio increased to 7.36 and 4.56, respectively, indicating a significant shift towards higher debt levels. This may suggest that Radnet Inc took on additional debt during this period, potentially to fund expansion or other strategic initiatives.

Conversely, the financial leverage ratio decreased in Q3 2023 to 4.34 and further decreased in Q4 2023 to 4.27. This reduction could signal a deleveraging effort by the company, potentially to reduce financial risk and improve its financial stability.

Overall, the trend in Radnet Inc's financial leverage ratio over the past eight quarters shows fluctuations in the company's debt levels and its reliance on borrowing. Investors and stakeholders should closely monitor these changes to assess the company's capital structure and risk profile.


Peer comparison

Dec 31, 2023