Universal Health Services Inc (UHS)
Debt-to-assets 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 | 4,785,780 | 4,796,070 | 4,605,080 | 4,707,320 | 4,726,530 | 4,638,360 | 4,599,200 | 4,250,690 | 4,141,880 | 3,709,320 | 3,486,220 | 3,505,820 | 3,524,250 | 3,514,670 | 3,449,940 | 3,735,800 | 3,896,580 | 3,870,290 | 4,057,120 | 3,821,940 |
| Total assets | US$ in thousands | 13,967,600 | 13,873,500 | 13,732,300 | 13,556,000 | 13,494,200 | 13,378,900 | 13,296,100 | 13,144,400 | 13,093,500 | 12,846,900 | 12,812,600 | 13,096,300 | 13,476,900 | 12,975,800 | 12,148,500 | 11,620,400 | 11,668,200 | 11,594,400 | 11,752,600 | 11,721,300 |
| Debt-to-assets ratio | 0.34 | 0.35 | 0.34 | 0.35 | 0.35 | 0.35 | 0.35 | 0.32 | 0.32 | 0.29 | 0.27 | 0.27 | 0.26 | 0.27 | 0.28 | 0.32 | 0.33 | 0.33 | 0.35 | 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 been relatively stable over the past eight quarters, ranging from 0.33 to 0.36. This ratio indicates that, on average, around 34-36% of the company's total assets are financed through debt. With the ratio consistently below 0.5, it suggests that the company has a conservative level of debt relative to its asset base. This may imply that Universal Health Services, Inc. has a lower financial risk and greater financial stability, as it is not overly reliant on debt to fund its operations and investments. However, it is important to consider other factors such as the industry average and trends over time to gain a more comprehensive understanding of the company's overall financial health.
Peer comparison
Dec 31, 2023