Select Medical Holdings (SEM)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,288,300K
= 0.00
The debt-to-equity ratio of Select Medical Holdings Corporation has shown a fluctuating trend over the past eight quarters. The ratio has been consistently above 3, indicating a higher level of debt relative to equity during this period.
In Q1 2022, the ratio was 3.34, which increased to 3.49 in Q4 2022, and remained relatively stable around 3.5 in subsequent quarters. The ratio peaked at 3.55 in Q2 2022 before slightly decreasing in the following quarters.
With a debt-to-equity ratio consistently above 3, Select Medical Holdings Corporation relies more on debt financing compared to equity to support its operations and growth initiatives. Investors and creditors may view this as a higher risk factor, as excessive debt levels can potentially strain the company's financial health and ability to meet its obligations.
Overall, the trend in the debt-to-equity ratio suggests that Select Medical Holdings Corporation carries a significant amount of debt relative to its equity, which warrants closer monitoring of the company's financial leverage and debt management strategies.
Peer comparison
Dec 31, 2023