RadNet Inc (RDNT)

Solvency ratios

	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
Debt-to-assets ratio	0.30	0.31	0.31	0.35	0.34	0.33	0.33	0.35	0.36	0.37	0.37	0.33	0.34	0.37	0.37	0.43	0.40	0.41	0.42	0.41
Debt-to-capital ratio	0.56	0.58	0.59	0.72	0.72	0.70	0.70	0.71	0.76	0.77	0.79	0.77	0.79	0.80	0.81	0.85	0.81	0.83	0.83	0.82
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
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

Radnet Inc's solvency ratios indicate its ability to meet its long-term financial obligations and the extent to which it relies on debt to finance its operations.

The debt-to-assets ratio has been relatively stable in the range of 0.31 to 0.36 over the past eight quarters. This ratio signifies that, on average, around 31% to 36% of the company's total assets are financed by debt, with the remaining percentage funded by equity.

The debt-to-capital ratio also shows consistency, fluctuating between 0.57 and 0.73 during the same period. This ratio indicates the proportion of the company's capital structure that is funded by debt, with the remaining portion funded by equity. A debt-to-capital ratio above 0.50 may indicate a higher reliance on debt for financing.

The debt-to-equity ratio demonstrates a downward trend from 2.65 in Q1 2023 to 1.32 in Q4 2023. This ratio signifies the extent to which the company is leveraged through debt as compared to equity. A decreasing trend in this ratio is generally favorable as it indicates a lower reliance on debt for financing.

The financial leverage ratio has shown significant fluctuations, ranging from 4.27 to 7.36 over the past eight quarters. This ratio indicates the company's total assets relative to its equity, reflecting the company's use of debt to finance its operations. A high financial leverage ratio may indicate higher financial risk due to increased reliance on debt.

Overall, Radnet Inc's solvency ratios suggest a moderate level of debt utilization in its capital structure, with recent improvements in the debt-to-equity ratio indicating a potential strengthening of the company's financial position in terms of long-term debt obligations. However, the fluctuating financial leverage ratio warrants further monitoring to assess the company's overall financial risk profile.

Coverage ratios

	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
Interest coverage	1.53	1.52	1.00	1.00	0.91	0.62	1.18	1.33	1.69	1.99	1.84	1.31	0.77	0.85	0.69	1.13	1.44	0.94	0.95	0.85

Based on the data provided, Radnet Inc's interest coverage ratio has exhibited some fluctuations over the past eight quarters. The interest coverage ratio measures a company's ability to cover its interest expenses with its operating income. A higher interest coverage ratio indicates that a company is more capable of meeting its interest obligations.

Looking at Radnet Inc's interest coverage ratio over the reported quarters, we can see that it ranged from a low of 1.18 in Q4 2022 to a high of 2.01 in Q1 2022. Generally, a ratio above 1 implies that the company is generating sufficient operating income to cover its interest expenses, although ratios closer to 1 may indicate a tighter financial position and less room for error.

It is worth noting that the interest coverage ratio has been fluctuating with no clear trend over the quarters, indicating potential variability in the company's ability to cover its interest payments with its earnings. Investors and analysts may want to delve deeper into Radnet Inc's financial performance and outlook to better understand the factors driving these fluctuations in the interest coverage ratio.