US Physicalrapy Inc (USPH)
Debt-to-equity 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-equity ratio | 0.29 | 0.29 | 0.56 | 0.40 | 0.06 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $142,530K ÷ $488,929K
= 0.29
US Physicalrapy Inc's debt-to-equity ratio has shown significant fluctuations over the years. In 2020, the ratio was at a low level of 0.06, indicating a conservative capital structure with a minimal reliance on debt. However, by the end of 2021, the ratio increased to 0.40, suggesting a moderate increase in debt compared to equity.
Subsequently, the ratio continued to rise in 2022 to 0.56, indicating a higher level of debt relative to equity. This could signal a shift towards a more leveraged position, which may have been driven by the company's financing activities or investment decisions.
In 2023 and 2024, the ratio decreased to 0.29, showcasing a reduction in the reliance on debt funding compared to the previous year. This decline may indicate a strategic effort to deleverage or a change in the company's financing strategy to optimize its capital structure.
Overall, the trend in US Physicalrapy Inc's debt-to-equity ratio reflects varying levels of leverage over the years, highlighting the company's ability to adjust its capital structure based on changing business conditions or financial objectives.
Peer comparison
Dec 31, 2024