Universal Health Services Inc (UHS)
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 | 4,785,780 | 4,726,530 | 4,141,880 | 3,524,250 | 3,896,580 |
| Total assets | US$ in thousands | 13,967,600 | 13,494,200 | 13,093,500 | 13,476,900 | 11,668,200 |
| Debt-to-assets ratio | 0.34 | 0.35 | 0.32 | 0.26 | 0.33 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,785,780K ÷ $13,967,600K
= 0.34
The debt-to-assets ratio of Universal Health Services, Inc. has shown some fluctuations over the past five years. The ratio increased from 0.29 in 2020 to 0.36 in 2022, indicating a higher proportion of debt relative to assets. However, there was a decrease in the ratio to 0.32 in 2021, suggesting a slight improvement in the company's debt management.
In 2023, the debt-to-assets ratio decreased further to 0.35, indicating that Universal Health Services, Inc. has reduced its reliance on debt to finance its assets compared to the previous year. Overall, the trend in the debt-to-assets ratio suggests that the company has been managing its debt levels relative to its total assets, but it is essential to monitor these ratios to ensure a healthy balance between debt and assets.
Peer comparison
Dec 31, 2023