US Physicalrapy Inc (USPH)
Debt-to-equity 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-equity ratio | 0.29 | 0.28 | 0.28 | 0.29 | 0.29 | 0.29 | 0.29 | 0.57 | 0.56 | 0.46 | 0.48 | 0.41 | 0.40 | 0.12 | 0.14 | 0.06 | 0.06 | 0.03 | 0.13 | 0.49 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $142,530K ÷ $488,929K
= 0.29
The debt-to-equity ratio of US Physicalrapy Inc has fluctuated over the past few years, indicating changes in the company's financial leverage. The ratio decreased from 0.49 as of March 31, 2020, to 0.03 as of September 30, 2020, suggesting a significant reduction in debt relative to equity during that period. However, the ratio started to increase gradually after September 2020, reaching 0.56 by December 31, 2022. This increase indicates that the company may have taken on more debt compared to its equity, potentially increasing financial risk.
Subsequently, the ratio fluctuated between 0.29 and 0.57 from March 31, 2023, to March 31, 2024. Overall, the trend suggests that the company's debt levels relative to equity have been variable, with periods of both increasing and decreasing leverage. Investors and analysts should continue to monitor this ratio to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2024