PACS Group (PACS Group) Debt-to-Equity : 23.61 (As of Mar. 2024)

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What is PACS Group Debt-to-Equity?

PACS Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $130.5 Mil. PACS Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,891.7 Mil. PACS Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $128.0 Mil. PACS Group's debt to equity for the quarter that ended in Mar. 2024 was 23.61.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for PACS Group's Debt-to-Equity or its related term are showing as below:

PACS' s Debt-to-Equity Range Over the Past 10 Years
Min: 23.61 Med: 29.18 Max: 30.25
Current: 23.61

During the past 3 years, the highest Debt-to-Equity Ratio of PACS Group was 30.25. The lowest was 23.61. And the median was 29.18.

PACS's Debt-to-Equity is ranked worse than
99.27% of 547 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs PACS: 23.61

PACS Group Debt-to-Equity Historical Data

The historical data trend for PACS Group's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PACS Group Debt-to-Equity Chart

PACS Group Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

30.25

29.18

PACS Group Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Debt-to-Equity	N/A	30.25	N/A	29.18	23.61

Competitive Comparison of PACS Group's Debt-to-Equity

For the Medical Care Facilities subindustry, PACS Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PACS Group's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, PACS Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PACS Group's Debt-to-Equity falls into.

PACS Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PACS Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(127.202	+	2677.705)	/	96.126
	=	29.18

PACS Group's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(130.454	+	2891.72)	/	127.991
	=	23.61

PACS Group (NYSE:PACS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

PACS Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of PACS Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

PACS Group (PACS Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PACS Group Inc (NYSE:PACS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

262 N. University Avenue, Farmington, UT, USA, 84025

Website

https://www.pacs.com

PACS Group Inc is a post-acute healthcare company primarily focused on delivering high-quality skilled nursing care through a portfolio of independently operated facilities Its is a nursing providers in the United States based on number of facilities, with over 200 post-acute care facilities across nine states serving over 20,000 patients daily. It also provide senior care, assisted living, and independent living options in some of communities.

PACS Group (PACS Group) Headlines

From GuruFocus

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