Select Medical Holdings (SEM)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 7,689,630 | 7,665,290 | 7,360,170 | 7,655,400 | 7,340,290 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $7,689,630K
= 0.00
The debt-to-assets ratio for Select Medical Holdings Corporation has fluctuated over the past five years, ranging from 0.44 to 0.51. The ratio indicates the proportion of the company's assets that are financed through debt, with a lower ratio reflecting less reliance on borrowing for asset acquisition.
In the most recent year as of Dec 31, 2023, the debt-to-assets ratio stood at 0.48, a decrease from the previous year's ratio of 0.51. This reduction suggests that the company may have either reduced its debt levels or increased its asset base relative to debt.
Over the five-year period, the company has managed to keep its debt-to-assets ratio within a relatively narrow range, indicating a balanced approach to debt management and asset allocation. However, it is important to assess the trend in conjunction with other financial metrics and factors to gain a comprehensive understanding of the company's overall financial health and risk profile.
Peer comparison
Dec 31, 2023