U.S. Physical Therapy, Inc. (USPH)

Solvency & Capital Structure

Total Debt

$362.8M

Net Debt

$334.4M

U.S. Physical Therapy, Inc. currently has $362.8M in total debt. Net debt is $334.4M after cash offsets.

Financial Fundamentals

USPH • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	0.36	0.03	0.33	1.24	29.2%
2025-12-31	0.43	0.04	0.39	1.20	35.4%
2025-09-30	0.31	0.03	0.28	1.20	25.8%
2025-06-30	0.31	0.03	0.27	1.18	25.9%
2025-03-31	0.31	0.04	0.27	1.18	26.0%
2024-12-31	0.30	0.04	0.25	1.17	25.3%
2024-09-30	0.25	0.12	0.14	1.03	24.7%
2024-06-30	0.26	0.11	0.15	1.02	25.3%
2024-03-31	0.26	0.13	0.12	1.02	25.2%
2023-12-31	0.26	0.15	0.11	1.00	25.9%
2023-09-30	0.26	0.15	0.11	1.01	25.8%
2023-06-30	0.26	0.16	0.10	1.00	26.1%
2023-03-31	0.30	0.03	0.27	0.87	34.5%
2022-12-31	0.30	0.03	0.26	0.86	34.4%
2022-09-30	0.26	0.04	0.23	0.80	33.0%
2022-06-30	0.26	0.05	0.21	0.80	33.1%
2022-03-31	0.23	0.02	0.20	0.76	29.5%
2021-12-31	0.22	0.03	0.19	0.75	29.8%
2021-09-30	0.14	0.02	0.12	0.63	21.6%
2021-06-30	0.13	0.02	0.11	0.62	21.6%
2021-03-31	0.11	0.02	0.09	0.60	18.6%
2020-12-31	0.11	0.03	0.08	0.59	18.7%
2020-09-30	0.10	0.03	0.07	0.58	17.3%
2020-06-30	0.13	0.04	0.09	0.59	22.1%
2020-03-31	0.21	0.09	0.12	0.64	32.4%
2019-12-31	0.14	0.02	0.11	0.56	24.6%
2019-09-30	0.23	0.03	0.20	0.57	39.8%
2019-06-30	0.23	0.03	0.19	0.56	40.5%
2019-03-31	0.20	0.02	0.18	0.52	37.4%
2018-12-31	0.04	0.02	0.02	0.44	9.0%
2018-09-30	0.06	0.03	0.03	0.45	13.1%
2018-06-30	0.06	0.03	0.03	0.44	13.9%
2018-03-31	0.05	0.02	0.03	0.42	11.5%
2017-12-31	0.06	0.02	0.04	0.42	14.5%
2017-09-30	0.06	0.02	0.05	0.41	15.3%
2017-06-30	0.08	0.02	0.06	0.42	18.1%
2017-03-31	0.06	0.03	0.04	0.39	16.5%
2016-12-31	0.05	0.02	0.03	0.35	14.8%
2016-09-30	0.04	0.02	0.03	0.31	13.4%
2016-06-30	0.05	0.02	0.03	0.31	15.3%
2016-03-31	0.06	0.02	0.04	0.31	18.7%
2015-12-31	0.05	0.02	0.03	0.28	17.5%
2015-09-30	0.05	0.02	0.03	0.28	17.8%
2015-06-30	0.04	0.01	0.03	0.27	16.0%
2015-03-31	0.04	0.01	0.03	0.26	16.7%
2014-12-31	0.04	0.01	0.02	0.24	14.6%
2014-09-30	0.05	0.02	0.03	0.25	19.3%
2014-06-30	0.05	0.01	0.03	0.24	19.2%
2014-03-31	0.05	0.02	0.03	0.23	20.4%
2013-12-31	0.04	0.01	0.03	0.22	18.5%
2013-09-30	0.02	0.01	0.00	0.18	8.4%
2013-06-30	0.02	0.01	0.01	0.18	9.3%
2013-03-13	0.02	0.01	0.01	0.18	12.1%
2012-12-31	0.02	0.01	0.01	0.17	10.5%
2012-09-30	0.02	0.01	0.01	0.17	9.9%
2012-06-30	0.02	0.01	0.01	0.17	12.2%
2012-03-31	0.03	0.01	0.01	0.16	15.2%
2011-12-31	0.02	0.01	0.01	0.16	14.8%
2011-09-30	0.03	0.01	0.02	0.16	16.7%
2011-06-30	0.02	0.01	0.01	0.15	11.3%
2011-03-31	0.01	0.01	-0.01Net Cash	0.15	3.6%
2010-12-31	0.01	0.01	-0.00Net Cash	0.14	4.3%
2010-09-30	0.00	0.01	-0.01Net Cash	0.13	0.4%
2010-06-30	0.00	0.01	-0.00Net Cash	0.12	3.5%
2010-03-31	0.01	0.01	0.00	0.13	9.4%
2009-12-31	0.00	0.01	-0.01Net Cash	0.11	1.3%
2009-09-30	0.00	0.01	-0.00Net Cash	0.11	4.2%
2009-06-30	0.01	0.01	0.00	0.12	10.7%
2009-03-31	0.01	0.01	0.00	0.12	12.5%
2008-12-31	0.01	0.01	0.00	0.12	11.7%
2008-09-30	0.01	0.01	0.00	0.11	9.7%
2008-06-30	0.02	0.01	0.01	0.11	15.4%
2008-03-31	0.01	0.01	0.00	0.10	11.3%
2007-12-31	0.01	0.01	0.00	0.10	9.1%
2007-09-30	0.01	0.01	0.00	0.10	14.2%
2007-06-30	0.00	0.01	-0.01Net Cash	0.07	1.4%
2007-03-31	0.00	0.01	-0.01Net Cash	0.07	1.6%
2006-12-31	0.00	0.01	-0.01Net Cash	0.07	1.9%
2006-09-30	0.00	0.02	-0.02Net Cash	0.07	0.8%
2006-06-30	0.00	0.02	-0.01Net Cash	0.07	0.9%
2006-03-31	0.00	0.02	-0.02Net Cash	0.07	1.0%
2005-12-31	0.00	0.02	-0.01Net Cash	0.07	1.1%
2005-09-30	0.00	0.02	-0.02Net Cash	0.07	0.7%
2005-06-30	0.00	0.02	-0.02Net Cash	0.07	0.9%
2005-03-31	0.00	0.02	-0.02Net Cash	0.06	0.1%
2004-12-31	0.00	0.02	-0.02Net Cash	0.06	0.1%
2004-09-30	0.00	0.02	-0.02Net Cash	0.06	0.3%
2004-06-30	0.00	0.02	-0.02Net Cash	0.06	0.3%
2004-03-31	0.00	0.02	-0.02Net Cash	0.06	3.2%
2003-12-31	0.00	0.02	-0.01Net Cash	0.05	4.7%
2003-09-30	0.00	0.01	-0.01Net Cash	0.05	5.0%
2003-06-30	0.00	0.01	-0.01Net Cash	0.05	5.1%
2003-03-31	0.00	0.01	-0.01Net Cash	0.04	5.3%
2002-12-31	0.00	0.01	-0.01Net Cash	0.04	5.7%
2002-09-30	0.00	0.01	-0.01Net Cash	0.04	5.7%
2002-06-30	0.00	0.01	-0.01Net Cash	0.05	5.1%
2002-03-31	0.00	0.01	-0.01Net Cash	0.04	7.5%
2001-12-31	0.00	0.01	-0.00Net Cash	0.04	10.3%
2001-09-30	0.00	0.01	-0.01Net Cash	0.04	10.4%
2001-06-30	0.00	0.01	-0.00Net Cash	0.03	10.5%
2001-03-31	0.00	0.00	-0.00Net Cash	0.03	11.9%
2000-12-31	0.01	0.00	0.01	0.02	35.4%
2000-09-30	0.01	0.00	0.01	0.02	44.1%
2000-06-30	0.01	0.01	0.00	0.03	31.5%
2000-03-31	0.01	0.00	0.00	0.02	32.8%
1999-12-31	0.01	0.00	0.00	0.02	34.8%
1999-09-30	0.01	0.00	0.00	0.02	34.9%
1999-06-30	0.01	0.00	0.01	0.02	37.3%
1999-03-31	0.01	0.01	0.00	0.02	33.3%
1998-12-31	0.01	0.01	0.00	0.02	33.6%
1998-09-30	0.01	0.01	0.00	0.02	34.7%
1998-06-30	0.01	0.01	0.00	0.02	35.8%
1998-03-31	0.01	0.01	0.00	0.02	35.2%
1997-12-31	0.01	0.01	0.00	0.02	36.9%
1997-09-30	0.01	0.01	0.00	0.02	39.4%
1997-06-30	0.01	0.00	0.00	0.02	41.8%
1997-03-31	0.01	0.01	0.00	0.02	41.4%
1996-12-31	0.01	0.00	0.00	0.02	43.1%
1996-09-30	0.01	0.00	0.00	0.02	45.2%
1996-06-30	0.01	0.00	0.01	0.02	49.7%