US Physicalrapy Inc (USPH)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 142,530 | 138,991 | 175,831 | 117,587 | 16,596 |
| Total stockholders’ equity | US$ in thousands | 488,929 | 476,194 | 315,793 | 295,606 | 276,160 |
| Debt-to-capital ratio | 0.23 | 0.23 | 0.36 | 0.28 | 0.06 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $142,530K ÷ ($142,530K + $488,929K)
= 0.23
The debt-to-capital ratio of US Physicalrapy Inc has shown fluctuations over the past five years.
As of December 31, 2020, the ratio was 0.06, indicating a relatively low level of debt compared to the company's capital. However, by December 31, 2022, the ratio had increased to 0.36, suggesting a significant rise in the proportion of debt relative to the total capital structure.
By the end of December 31, 2024, the ratio had decreased to 0.23, signaling a reduction in the company's reliance on debt financing. This decrease may indicate improved financial stability or a strategic shift towards alternative funding sources.
Overall, the trend in US Physicalrapy Inc's debt-to-capital ratio reflects some volatility but also potentially strategic management of the company's capital structure and financing decisions. Further analysis into the reasons behind these fluctuations would be necessary to assess the company's overall financial health and risk profile.
Peer comparison
Dec 31, 2024