Universal Health Services Inc (UHS)
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 | 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 stockholders’ equity | US$ in thousands | 6,149,000 | 6,064,920 | 6,087,180 | 6,012,110 | 5,920,580 | 5,855,350 | 5,814,660 | 5,867,870 | 6,089,660 | 6,274,020 | 6,480,100 | 6,513,860 | 6,317,150 | 5,962,790 | 5,688,650 | 5,413,210 | 5,504,100 | 5,389,220 | 5,393,090 | 5,482,420 |
| Debt-to-capital ratio | 0.44 | 0.44 | 0.43 | 0.44 | 0.44 | 0.44 | 0.44 | 0.42 | 0.40 | 0.37 | 0.35 | 0.35 | 0.36 | 0.37 | 0.38 | 0.41 | 0.41 | 0.42 | 0.43 | 0.41 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $4,785,780K ÷ ($4,785,780K + $6,149,000K)
= 0.44
Universal Health Services, Inc.'s debt-to-capital ratio has remained relatively stable over the past eight quarters, ranging between 0.42 and 0.45. This indicates that the company has maintained a consistent level of debt relative to its capital structure during this period. A ratio of around 0.44 to 0.45 suggests that roughly 44% to 45% of the company's capital structure is funded by debt, with the remainder consisting of equity.
Overall, the stability of the debt-to-capital ratio indicates that Universal Health Services has been managing its debt levels in a steady manner without significant fluctuations. It also suggests that the company has a balanced mix of debt and equity financing, which can be a favorable indication of financial health and risk management. Further analysis incorporating industry benchmarks and peer comparisons can provide additional insights into the company's leverage position.
Peer comparison
Dec 31, 2023