US Physicalrapy Inc (USPH)
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 | 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 | 50,361 | 55,292 | 66,316 | 29,516 |
| Total assets | US$ in thousands | 997,238 | 1,010,190 | 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 | 630,501 | 560,845 | 560,845 | 523,087 |
| Debt-to-assets ratio | 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 | 0.08 | 0.10 | 0.12 | 0.06 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $138,991K ÷ $997,238K
= 0.14
The debt-to-assets ratio of U.S. Physical Therapy, Inc. has been relatively stable over the past eight quarters, ranging from 0.15 to 0.22. This ratio indicates the proportion of the company's assets that are financed through debt. A lower debt-to-assets ratio generally suggests lower financial risk and greater financial stability as it means that the company relies less on debt to finance its assets.
In the most recent quarter, Q4 2023, the debt-to-assets ratio was consistent with the previous three quarters at 0.15. This indicates that the company's debt level relative to its total assets remained low. It is important to note the decrease in the debt-to-assets ratio from Q1 2023's 0.22 to the subsequent quarters, showing an improvement in the company's debt management.
Overall, a stable and relatively low debt-to-assets ratio over the analyzed period suggests that U.S. Physical Therapy, Inc. has been managing its debt levels prudently, which can enhance its financial health and sustainability in the long run.
Peer comparison
Dec 31, 2023