Select Medical Holdings (SEM)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,288,300 | 1,267,810 | 1,246,040 | 1,170,450 | 1,121,920 | 1,105,600 | 1,071,410 | 1,138,140 | 1,109,980 | 1,145,500 | 1,234,220 | 1,145,980 | 1,060,480 | 1,038,590 | 992,883 | 808,638 | 770,972 | 754,718 | 846,009 | 802,031 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,288,300K)
= 0.00
Select Medical Holdings Corporation's debt-to-capital ratio has shown a relatively stable trend over the past eight quarters, hovering between 0.74 and 0.78. This indicates that the company relies on debt to finance a significant portion of its capital structure.
A higher debt-to-capital ratio suggests that a larger proportion of the company's capital is funded by debt, which may increase financial risk due to higher interest expenses and debt obligations. However, a stable ratio over time may indicate that the company has been managing its debt levels consistently.
It is important for investors and stakeholders to monitor this ratio, as significant changes could signal shifts in the company's financial risk profile and ability to meet its debt obligations. Additionally, comparing the debt-to-capital ratio with industry peers or historical data can provide further insights into Select Medical Holdings Corporation's capital structure and financial health.
Peer comparison
Dec 31, 2023