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DaVita DVA Debt-to-equity

Debt-to-equity at other companies

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0.8×-0.1×
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0.0×
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BrightSpring Health Services, Inc.BTSG
1.4×-0.2×
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2.6×+0.2×
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0.8×+0.1×

Other financials

Income statement

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Revenue$3.4B+6.0%
Operating income$481.9M+9.8%
Net income$197.5M+21.2%
EPS (diluted)$2.87+43.5%

Balance sheet

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Cash & equivalents$726.4M+38.5%
Total debt$13.3B+6.7%
Total equity-$755.5M-183%
Total assets$17.5B+2.2%

Cash flow

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Operating cash flow$320.8M+78.2%
CapEx$102.0M-28.8%
Free cash flow$218.8M+495%

Valuation

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Market cap$13.34B-16.0%
Enterprise value$25.95B-5.5%
P/E17.1×-1.4×
P/S-0.3×

Profitability

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Operating margin15.1%-0.7pp
Net margin5.6%-1.0pp
FCF margin10.8%-2.8pp

Returns & leverage

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Return on equity159.1%+80.9pp
Current ratio1.4×+0.2×

Where this comes from

Calculated from DaVita’s reported figures.

Based on the most recent quarter.

The official record: DaVita’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is DaVita's debt-to-equity?
DaVita (DVA) reported debt-to-equity of 103.6× in Q4 2024.
How has DaVita's debt-to-equity changed year-over-year?
DaVita's debt-to-equity increased by 852.2% year-over-year, from 10.9× to 103.6×.
What is the long-term trend for DaVita's debt-to-equity?
Over 4 years (2020 to 2024), DaVita's debt-to-equity has grown at a 87.4% compound annual growth rate (CAGR), from 8.4× to 103.6×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.