Universal Health Services Inc (UHS)

Solvency ratios

	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
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
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
Debt-to-equity ratio	0.78	0.79	0.76	0.78	0.80	0.79	0.79	0.72	0.68	0.59	0.54	0.54	0.56	0.59	0.61	0.69	0.71	0.72	0.75	0.70
Financial leverage ratio	2.27	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	2.12	2.15	2.18	2.14

Universal Health Services, Inc. has maintained relatively stable solvency ratios over the past eight quarters. The debt-to-assets ratio has ranged between 0.34 and 0.36, indicating that around 34-36% of the company's assets have been financed by debt during this period. Similarly, the debt-to-capital ratio has fluctuated between 0.44 and 0.45, suggesting that debt has accounted for approximately 44-45% of the company's capital structure.

Furthermore, the debt-to-equity ratio has shown some variability, with values ranging from 0.73 to 0.81, implying that debt has comprised 73-81% of the company's equity over the quarters analyzed. Lastly, the financial leverage ratio has been relatively consistent, with values hovering around 2.25-2.29, signifying that the company has maintained a leverage factor of approximately 2.25-2.29 times over the analyzed period.

Overall, Universal Health Services, Inc. has maintained a moderate level of leverage and debt utilization, which indicates a stable solvency position and suggests that the company has been effectively managing its debt levels relative to its assets, capital, equity, and overall financial structure.

Coverage ratios

	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
Interest coverage	5.54	5.51	6.07	6.75	7.97	10.49	12.57	15.72	16.50	17.46	17.23	15.45	12.70	10.22	7.83	6.95	7.47	6.73	7.37	7.48

Universal Health Services, Inc.'s interest coverage ratio has shown a general declining trend over the past eight quarters, indicating a decrease in their ability to cover interest expenses with operating income. The ratio was highest in Q1 2022 at 15.59, reflecting a strong ability to meet interest obligations. However, the ratio has since declined consistently, reaching its lowest point in Q4 2023 at 5.69.

This declining trend suggests that the company's operating income may not be sufficient to cover its interest expenses, potentially indicating increased financial risk. Investors and creditors may view this trend negatively as it could indicate a weakening financial position. Management should closely monitor this ratio and take appropriate steps to improve it to ensure the company's financial health and stability.