U S Physical Therapy annual debt-to-equity ratio
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2025
U S Physical Therapy Debt-to-Equity Ratio Growth & History (USPH)
U S Physical Therapy's debt-to-equity ratio was 0.66 for fiscal 2025.
View full U S Physical Therapy company overviewU S Physical Therapy annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.66 | 0.06 | +9.55% |
| 2024 | 2024-12-31 | 0.60 | 0.06 | +11.20% |
| 2023 | 2023-12-31 | 0.54 | −0.39 | −41.94% |
| 2022 | 2022-12-31 | 0.94 | 0.18 | +23.93% |
| 2021 | 2021-12-31 | 0.75 | 0.35 | +87.76% |
| 2020 | 2020-12-31 | 0.40 | −0.17 | −29.94% |
| 2019 | 2019-12-31 | 0.57 | 0.39 | +210.99% |
| 2018 | 2018-12-31 | 0.18 | −0.11 | −37.81% |
| 2017 | 2017-12-31 | 0.30 | 0.02 | +7.36% |
| 2016 | 2016-12-31 | 0.28 | −0.01 | −3.75% |
| 2015 | 2015-12-31 | 0.29 | 0.04 | +17.91% |
| 2014 | 2014-12-31 | 0.24 | −0.08 | −24.69% |
| 2013 | 2013-12-31 | 0.32 | 0.17 | +110.32% |
| 2012 | 2012-12-31 | 0.15 | −0.07 | −32.05% |
| 2011 | 2011-12-31 | 0.23 | 0.22 | +9307.01% |
| 2010 | 2010-12-31 | 0.00 | — | — |
U S Physical Therapy quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.86 | 0.25 | +40.99% |
| Q1 2026 | 2026-03-31 | 0.77 | 0.16 | +25.19% |
| Q4 2025 | 2025-12-31 | 0.66 | 0.06 | +9.55% |
| Q3 2025 | 2025-09-30 | 0.61 | 0.09 | +16.24% |
| Q2 2025 | 2025-06-30 | 0.61 | 0.08 | +14.12% |
| Q1 2025 | 2025-03-31 | 0.62 | 0.08 | +15.66% |
| Q4 2024 | 2024-12-31 | 0.60 | 0.06 | +11.20% |
| Q3 2024 | 2024-09-30 | 0.53 | −0.00 | −0.45% |
| Q2 2024 | 2024-06-30 | 0.53 | −0.00 | −0.04% |
| Q1 2024 | 2024-03-31 | 0.53 | −0.41 | −43.26% |
| Q4 2023 | 2023-12-31 | 0.54 | −0.39 | −41.94% |
| Q3 2023 | 2023-09-30 | 0.53 | −0.30 | −36.33% |
| Q2 2023 | 2023-06-30 | 0.53 | −0.32 | −37.68% |
| Q1 2023 | 2023-03-31 | 0.94 | 0.19 | +25.57% |
| Q4 2022 | 2022-12-31 | 0.94 | 0.18 | +23.93% |
| Q3 2022 | 2022-09-30 | 0.83 | 0.36 | +76.67% |
| Q2 2022 | 2022-06-30 | 0.86 | 0.38 | +80.94% |
| Q1 2022 | 2022-03-31 | 0.75 | 0.35 | +86.58% |
| Q4 2021 | 2021-12-31 | 0.75 | 0.35 | +87.76% |
| Q3 2021 | 2021-09-30 | 0.47 | 0.09 | +25.21% |
| Q2 2021 | 2021-06-30 | 0.47 | −0.03 | −6.29% |
| Q1 2021 | 2021-03-31 | 0.40 | −0.46 | −53.58% |
| Q4 2020 | 2020-12-31 | 0.40 | −0.17 | −29.94% |
| Q3 2020 | 2020-09-30 | 0.38 | −0.22 | −37.05% |
| Q2 2020 | 2020-06-30 | 0.51 | −0.13 | −20.70% |
| Q1 2020 | 2020-03-31 | 0.87 | 0.35 | +68.18% |
| Q4 2019 | 2019-12-31 | 0.57 | 0.39 | +210.99% |
| Q3 2019 | 2019-09-30 | 0.60 | 0.32 | +112.84% |
| Q2 2019 | 2019-06-30 | 0.64 | 0.35 | +119.81% |
| Q1 2019 | 2019-03-31 | 0.51 | 0.28 | +121.54% |
| Q4 2018 | 2018-12-31 | 0.18 | −0.11 | −37.81% |
| Q3 2018 | 2018-09-30 | 0.28 | −0.04 | −11.21% |
| Q2 2018 | 2018-06-30 | 0.29 | −0.10 | −25.31% |
| Q1 2018 | 2018-03-31 | 0.23 | −0.10 | −30.56% |
| Q4 2017 | 2017-12-31 | 0.30 | 0.02 | +7.36% |
| Q3 2017 | 2017-09-30 | 0.32 | 0.09 | +40.12% |
| Q2 2017 | 2017-06-30 | 0.39 | 0.12 | +45.69% |
| Q1 2017 | 2017-03-31 | 0.33 | 0.00 | +0.18% |
| Q4 2016 | 2016-12-31 | 0.28 | −0.01 | −3.75% |
| Q3 2016 | 2016-09-30 | 0.23 | −0.08 | −27.01% |
| Q2 2016 | 2016-06-30 | 0.27 | −0.01 | −3.36% |
| Q1 2016 | 2016-03-31 | 0.33 | 0.05 | +16.84% |
| Q4 2015 | 2015-12-31 | 0.29 | 0.04 | +17.91% |
| Q3 2015 | 2015-09-30 | 0.31 | −0.03 | −8.47% |
| Q2 2015 | 2015-06-30 | 0.28 | −0.06 | −18.47% |
| Q1 2015 | 2015-03-31 | 0.29 | −0.07 | −19.88% |
| Q4 2014 | 2014-12-31 | 0.24 | −0.08 | −24.69% |
| Q3 2014 | 2014-09-30 | 0.34 | 0.22 | +177.30% |
| Q2 2014 | 2014-06-30 | 0.34 | 0.20 | +148.92% |
| Q1 2014 | 2014-03-31 | 0.36 | 0.18 | +100.64% |
| Q4 2013 | 2013-12-31 | 0.32 | 0.17 | +110.32% |
| Q3 2013 | 2013-09-30 | 0.12 | −0.02 | −13.95% |
| Q2 2013 | 2013-06-30 | 0.14 | −0.05 | −24.89% |
| Q1 2013 | 2013-03-31 | 0.18 | 0.17 | +3984.10% |
| Q4 2012 | 2012-12-31 | 0.15 | −0.07 | −32.05% |
| Q3 2012 | 2012-09-30 | 0.14 | 0.14 | +2634.39% |
| Q2 2012 | 2012-06-30 | 0.18 | 0.18 | +4183.04% |
| Q1 2012 | 2012-03-31 | 0.00 | — | — |
| Q4 2011 | 2011-12-31 | 0.23 | 0.22 | +9307.01% |
| Q3 2011 | 2011-09-30 | 0.01 | — | — |
| Q2 2011 | 2011-06-30 | 0.00 | — | — |
| Q4 2010 | 2010-12-31 | 0.00 | — | — |
U S Physical Therapy debt-to-equity ratio trends
Over the last five fiscal years, U S Physical Therapy's debt-to-equity ratio increased from 0.40 to 0.66, a change of 0.26. The latest reported quarter, Q2 2026, shows 0.86.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review U S Physical Therapy source filings ↗