US Physicalrapy Inc (USPH)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.12 | 0.13 | 0.13 | 0.13 | 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 |
| 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 |
| 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 |
| Financial leverage ratio | 2.39 | 2.13 | 2.11 | 2.12 | 2.09 | 2.03 | 2.05 | 2.73 | 2.72 | 2.52 | 2.59 | 2.54 | 2.54 | 2.17 | 2.64 | 2.71 | 2.15 | 2.17 | 2.29 | 2.47 |
The solvency ratios of US Physicalrapy Inc provide insights into the company's ability to meet its long-term financial obligations.
1. Debt-to-assets ratio: This ratio indicates the proportion of the company's assets financed by debt. The trend shows a slight increase from 0.01 in September 2020 to 0.21 in March 2023, before stabilizing around 0.13-0.14 from June 2023 to December 2024. A lower ratio generally indicates lower financial risk.
2. Debt-to-capital ratio: This ratio shows the percentage of the company's capital structure that is debt. The ratio fluctuates, with a peak of 0.36 in March 2023 and a subsequent decline to around 0.22-0.23 by December 2024. A higher ratio suggests higher leverage and financial risk.
3. Debt-to-equity ratio: This ratio compares the company's debt to its equity, reflecting the level of financial leverage. The ratio increases from 0.03 in September 2020 to 0.29 by December 2024, with fluctuations along the way. A higher ratio implies higher financial risk and dependency on debt financing.
4. Financial leverage ratio: This ratio measures the company's financial leverage or the degree to which the company is using debt to finance its operations. The ratio ranges from 2.03 to 2.73, with some fluctuations. A higher ratio indicates higher financial risk and potential for volatile earnings.
Overall, the trends in these solvency ratios suggest that US Physicalrapy Inc experienced fluctuations in its debt levels and leverage over the period analyzed. It is important for investors and stakeholders to monitor these ratios to assess the company's solvency risk and financial health.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 149.79 | 113.26 | 116.50 | 117.57 | 123.95 | 23.39 | 13.17 | 10.99 | 9.83 | 17.82 | 34.50 | 57.17 | 75.00 | 75.88 | 72.70 | 43.65 | 32.08 | 22.70 | 17.31 | 22.47 |
The interest coverage ratio of US Physicalrapy Inc has shown fluctuations over the periods provided. The ratio indicates the company's ability to cover its interest expenses with its operating income.
From March 31, 2020, to September 30, 2021, the interest coverage ratio steadily increased, indicating an improving ability to cover interest expenses. The ratio peaked at 75.88 on September 30, 2021, showing a strong ability to cover interest payments with operating income.
However, from December 31, 2021, to December 31, 2024, there was a significant decline in the interest coverage ratio. The ratio dropped to 9.83 on December 31, 2022, indicating a potential strain on the company's ability to cover interest costs with its earnings.
Although there was a slight recovery in the ratio by March 31, 2023, and June 30, 2023, it dipped again before rising sharply to 149.79 on December 31, 2024. This spike in the ratio could indicate either a significant increase in operating income or a decrease in interest expenses during that period.
Overall, the company has shown fluctuating interest coverage ratios, which may warrant further investigation into the factors contributing to these fluctuations and the company's overall financial health.