United Therapeutics Corporation (UTHR)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 300,000 | 500,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 600,000 | 750,000 | 800,000 | 1,050,000 |
| Total assets | US$ in thousands | 7,167,000 | 7,023,600 | 6,681,300 | 6,346,000 | 6,044,500 | 5,781,600 | 5,543,300 | 5,359,800 | 5,169,100 | 5,048,900 | 4,844,900 | 4,641,000 | 4,615,000 | 4,411,200 | 4,219,400 | 4,025,900 | 3,913,400 | 3,999,600 | 3,898,900 | 3,726,700 |
| Debt-to-assets ratio | 0.04 | 0.07 | 0.12 | 0.13 | 0.13 | 0.14 | 0.14 | 0.15 | 0.15 | 0.16 | 0.17 | 0.17 | 0.17 | 0.18 | 0.19 | 0.20 | 0.15 | 0.19 | 0.21 | 0.28 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $300,000K ÷ $7,167,000K
= 0.04
The debt-to-assets ratio of United Therapeutics Corp has shown a decreasing trend over the past eight quarters, starting at 0.15 in Q1 2022 and reaching 0.10 in Q4 2023. This indicates that the company has been successful in reducing its level of debt relative to its total assets over this period.
A lower debt-to-assets ratio suggests that the company is less reliant on debt financing to support its operations and has a stronger financial position. This can be a positive sign for investors and creditors, as it indicates lower financial risk and potentially higher financial stability.
It is worth noting that the decreasing trend in the debt-to-assets ratio may be a result of various factors, such as improved profitability, better cash flow management, or a strategic shift towards reducing debt levels. Overall, a decreasing debt-to-assets ratio can be viewed as a positive indicator of the company's financial health and prudent financial management.
Peer comparison
Dec 31, 2023