US Physicalrapy Inc (USPH)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 488,929 | 482,758 | 484,572 | 479,771 | 476,194 | 491,971 | 488,498 | 318,058 | 315,793 | 317,146 | 307,177 | 300,971 | 295,606 | 289,783 | 283,848 | 276,184 | 276,160 | 264,919 | 255,254 | 241,064 |
| Debt-to-capital ratio | 0.23 | 0.22 | 0.22 | 0.22 | 0.23 | 0.22 | 0.23 | 0.36 | 0.36 | 0.32 | 0.33 | 0.29 | 0.28 | 0.11 | 0.12 | 0.06 | 0.06 | 0.03 | 0.12 | 0.33 |
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 some fluctuations over the years based on the provided data. The ratio stood at 0.33 as of March 31, 2020, indicating that 33% of the company's capital structure was financed by debt. Over the following quarters, the ratio decreased significantly to 0.03 as of September 30, 2020, suggesting a lower reliance on debt for funding.
Subsequently, the ratio showed some variability but generally stayed at lower levels until December 31, 2021, when it increased to 0.28. This uptick continued into the following quarters, reaching 0.36 as of December 31, 2022. The debt-to-capital ratio remained relatively stable around this level for the next few periods, ranging between 0.22 and 0.36.
Overall, the trend in the debt-to-capital ratio of US Physicalrapy Inc indicates some fluctuation but also a general increase in the reliance on debt financing from the initial low levels observed in 2020. It would be important to monitor this ratio in relation to the company's overall financial health and risk management considerations.
Peer comparison
Dec 31, 2024