US Physicalrapy Inc (USPH)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 142,530 | 132,916 | 135,699 | 136,749 | 138,991 | 141,496 | 143,460 | 182,681 | 175,831 | 146,690 | 148,889 | 122,128 | 117,587 | 35,265 | 38,821 | 16,571 | 16,596 | 7,509 | 33,685 | 118,602 |
| Total assets | US$ in thousands | 1,167,470 | 1,029,190 | 1,023,130 | 1,017,260 | 997,238 | 997,238 | 999,581 | 868,127 | 858,154 | 799,708 | 796,444 | 763,863 | 749,426 | 630,098 | 749,426 | 749,426 | 594,361 | 575,438 | 585,018 | 594,361 |
| Debt-to-assets ratio | 0.12 | 0.13 | 0.13 | 0.13 | 0.14 | 0.14 | 0.14 | 0.21 | 0.20 | 0.18 | 0.19 | 0.16 | 0.16 | 0.06 | 0.05 | 0.02 | 0.03 | 0.01 | 0.06 | 0.20 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $142,530K ÷ $1,167,470K
= 0.12
The debt-to-assets ratio for US Physicalrapy Inc has fluctuated over the analyzed period from March 31, 2020, to December 31, 2024. Initially, the company had a higher debt-to-assets ratio of 0.20 in March 2020, indicating that 20% of its total assets were financed by debt. However, this ratio decreased significantly to 0.01 by September 30, 2020, suggesting that the company reduced its reliance on debt financing.
Subsequently, the debt-to-assets ratio gradually increased before peaking at 0.21 on March 31, 2023. This peak may indicate a period of increased debt relative to assets, which could potentially imply higher financial risk. However, from June 30, 2023, onwards, the ratio started declining and stabilized around the range of 0.12 to 0.14 from December 31, 2023, to December 31, 2024.
Overall, the fluctuation in the debt-to-assets ratio of US Physicalrapy Inc over the analyzed period suggests changes in the company's capital structure and debt management strategies. Monitoring this ratio is crucial for investors and analysts as it provides insights into the company's financial leverage and risk exposure.
Peer comparison
Dec 31, 2024