Universal Health Services Inc (UHS)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 14,469,700 | 14,353,800 | 14,071,400 | 14,046,100 | 14,356,800 | 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 | 13,009,800 | 12,148,500 | 11,620,400 |
| Total stockholders’ equity | US$ in thousands | 6,749,520 | 6,605,700 | 6,485,370 | 6,256,700 | 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 |
| Financial leverage ratio | 2.14 | 2.17 | 2.17 | 2.24 | 2.33 | 2.29 | 2.26 | 2.25 | 2.28 | 2.28 | 2.29 | 2.24 | 2.15 | 2.05 | 1.98 | 2.01 | 2.13 | 2.18 | 2.14 | 2.15 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $14,469,700K ÷ $6,749,520K
= 2.14
Universal Health Services Inc's financial leverage ratio has exhibited some fluctuations over the period under review. The ratio stood at 2.15 as of March 31, 2020, and showed a slight decrease to 2.14 by June 30, 2020. There was a subsequent increase to 2.18 on September 30, 2020, followed by a dip to 2.13 at the end of December 31, 2020.
From March 31, 2021, to June 30, 2021, there was a notable decline in the financial leverage ratio, dropping from 2.01 to 1.98. However, the ratio started to trend upwards, reaching 2.05 by September 30, 2021, and eventually moving back up to 2.15 by December 31, 2021.
The trend continued into the following years, with the financial leverage ratio reaching 2.24 as of March 31, 2022, and further increasing to 2.29 by June 30, 2022. Despite minor fluctuations in the subsequent quarters, the ratio remained relatively stable around the 2.2 mark up to September 30, 2023. By the end of December 31, 2023, the financial leverage ratio had risen to 2.33, showing a significant increase from the previous period.
However, a slight decrease was observed by March 31, 2024, when the ratio dropped to 2.24. The trend continued as the ratio decreased further to 2.17 by June 30, 2024, and remained at the same level by September 30 and December 31, 2024.
Overall, Universal Health Services Inc's financial leverage ratio has shown fluctuation but generally remained above the 2.0 mark throughout the period, indicating that the company relies more on debt financing relative to equity to fund its operations and investments. Investors and analysts should continue to monitor changes in the financial leverage ratio to assess the company's risk and financial stability.
Peer comparison
Dec 31, 2024