U.S. Physical Therapy, Inc. (USPH) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 139.11M | 139.99M | 138.44M | 140.53M | 145.35M | 137.58M | 204.87M | 201.68M | 221.14M | 233.38M | 228.5M | 241.8M | 117.79M | 111.27M | 112.89M | 121.85M | 95.84M | 95.17M | 79.42M | 79.7M |
| Cash & Short-Term Investments | 28.44M | 35.57M | 31.1M | 34.09M | 39.18M | 41.36M | 116.96M | 112.91M | 132.29M | 152.82M | 147.69M | 160.74M | 32.6M | 31.59M | 37.91M | 48.57M | 24.23M | 28.57M | 19.19M | 20.42M |
| Cash Only | 28.44M | 35.57M | 31.1M | 34.09M | 39.18M | 41.36M | 116.96M | 112.91M | 132.29M | 152.82M | 147.69M | 160.74M | 32.6M | 31.59M | 37.91M | 48.57M | 24.23M | 28.57M | 19.19M | 20.42M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 96.72M | 64.25M | 91.3M | 93.39M | 90.9M | 85.67M | 77.08M | 76.33M | 77.14M | 69.72M | 71.43M | 71.14M | 74.46M | 51.93M | 68.89M | 69.46M | 67.57M | 62.42M | 56.55M | 54.17M |
| Days Sales Outstanding | 44.08 | 35.3 | 51.79 | 51.07 | 52.08 | 41.49 | 42 | 41.76 | 42.92 | 41.94 | 43.72 | 43.73 | 38.3 | 39.37 | 45.59 | 44.33 | 44.41 | 42.15 | 40.46 | 38.78 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 13.95M | 40.17M | 16.03M | 13.06M | 15.27M | 10.55M | 10.83M | 12.44M | 11.71M | 10.83M | 9.39M | 9.92M | 10.73M | 27.74M | 6.08M | 3.81M | 4.04M | 4.18M | 3.69M | 5.11M |
| Total Non-Current Assets | 1.1B | 1.06B | 1.06B | 1.04B | 1.03B | 1.03B | 824.32M | 821.46M | 796.11M | 763.86M | 781.69M | 757.78M | 750.33M | 746.89M | 686.82M | 674.6M | 668.02M | 654.26M | 550.67M | 543.26M |
| Property, Plant & Equipment | 187.82M | 271.07M | 174.15M | 169.37M | 165.96M | 166.08M | 130.5M | 131.71M | 128.36M | 129.53M | 128.73M | 126.56M | 125.24M | 127.75M | 125.97M | 125.5M | 118.39M | 119.41M | 114.99M | 108.65M |
| Fixed Asset Turnover | 0.72x | 0.91x | 0.95x | 0.98x | 0.92x | 1.22x | 1.28x | 1.29x | 1.21x | 1.20x | 1.18x | 1.20x | 1.17x | 1.11x | 1.11x | 1.15x | 1.11x | 1.11x | 1.13x | 1.20x |
| Goodwill | 715.87M | 692.39M | 690.41M | 677.6M | 674.39M | 667.15M | 554.64M | 548.97M | 534.27M | 509.57M | 522.91M | 506.7M | 501.35M | 494.1M | 449.55M | 442.76M | 443.69M | 434.68M | 374.05M | 373.89M |
| Intangible Assets | 179.82M | 172.86M | 176.43M | 175.63M | 177.33M | 179.31M | 124.31M | 123.9M | 116.89M | 109.68M | 112.11M | 107.59M | 108.99M | 108.75M | 93.7M | 92.66M | 91.55M | 86.38M | 60.09M | 59.22M |
| Long-Term Investments | 12.44M | 12.28M | 12.29M | 12.32M | 12.27M | 12.19M | 12.17M | 12.24M | 12.16M | 12.26M | 12.26M | 12.23M | 12.16M | 12.13M | 11.98M | 12.35M | 12.42M | 12.21M | 0 | 0 |
| Other Non-Current Assets | 6.99M | -84.58M | 4.56M | 4.16M | 4.38M | 5.16M | 2.7M | 4.63M | 4.43M | 2.82M | 5.68M | 4.7M | 2.59M | -26.45M | 5.62M | 1.33M | 1.97M | 1.58M | 1.55M | 1.51M |
| Total Assets | 1.24B | 1.2B | 1.2B | 1.18B | 1.18B | 1.17B | 1.03B | 1.02B | 1.02B | 997.24M | 1.01B | 999.58M | 868.13M | 858.15M | 799.71M | 796.44M | 763.86M | 749.43M | 630.1M | 622.96M |
| Asset Turnover | 0.13x | 0.17x | 0.14x | 0.14x | 0.13x | 0.16x | 0.16x | 0.16x | 0.15x | 0.15x | 0.15x | 0.16x | 0.17x | 0.17x | 0.17x | 0.18x | 0.17x | 0.19x | 0.20x | 0.21x |
| Asset Growth % | 5.29% | 3.13% | 16.23% | 15.29% | 15.97% | 17.07% | 1.88% | 2.36% | 17.18% | 16.21% | 26.32% | 25.51% | 13.65% | 14.51% | 26.92% | 27.85% | 27.65% | 26.09% | 9.5% | 6.49% |
| Total Current Liabilities | 117.3M | 139.04M | 115.08M | 118.84M | 123.8M | 116.28M | 115.3M | 107.1M | 102.54M | 102.19M | 82.36M | 85.82M | 90.83M | 85.49M | 81.49M | 85.11M | 89.02M | 83.48M | 81.67M | 75.38M |
| Accounts Payable | 6.76M | 6.06M | 7.42M | 4.2M | 6.09M | 5.94M | 6.36M | 4.1M | 4.87M | 3.9M | 4.51M | 3.67M | 4.23M | 6.5M | 7.67M | 7M | 6.47M | 6.47M | 1.53M | 1.78M |
| Days Payables Outstanding | 4.38 | 3.85 | 4.2 | 3.82 | 4.45 | 3.85 | 3.46 | 3.06 | 3.13 | 3.11 | 3.08 | 3.02 | 4.11 | 5.75 | 5.98 | 5.58 | 5.54 | 3.59 | 1.59 | 4.21 |
| Short-Term Debt | 53.58M | 52M | 50.76M | 8.17M | 9.26M | 11M | 9.61M | 9.7M | 9.22M | 7.69M | 7.55M | 7.53M | 7.73M | 7.86M | 7.49M | 4.78M | 799K | 830K | 672K | 1.02M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 56.96M | 80.98M | 56.9M | 0 | 650K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.84M | 0 | 0 | 0 | 0 | 4.17M | 4.55M |
| Current Ratio | 1.19x | 1.01x | 1.20x | 1.18x | 1.17x | 1.18x | 1.78x | 1.88x | 2.16x | 2.28x | 2.77x | 2.82x | 1.30x | 1.30x | 1.39x | 1.43x | 1.08x | 1.14x | 0.97x | 1.06x |
| Quick Ratio | 1.19x | 1.01x | 1.20x | 1.18x | 1.17x | 1.18x | 1.78x | 1.88x | 2.16x | 2.28x | 2.77x | 2.82x | 1.30x | 1.30x | 1.39x | 1.43x | 1.08x | 1.14x | 0.97x | 1.06x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 341.89M | 294.77M | 298.75M | 295.17M | 296.88M | 292.14M | 243.17M | 246.07M | 242.75M | 242.81M | 259.63M | 258.25M | 293.54M | 288.1M | 251.46M | 251.01M | 214.62M | 213.5M | 119.6M | 119.43M |
| Long-Term Debt | 194.04M | 263.17M | 151.46M | 151.91M | 157.24M | 142.53M | 132.92M | 135.7M | 136.75M | 138.99M | 141.5M | 143.46M | 182.68M | 175.83M | 146.69M | 148.89M | 122.13M | 117.59M | 35.27M | 38.82M |
| Capital Lease Obligations | 115.21M | 110.57M | 106.18M | 104.28M | 100.69M | 101.87M | 77M | 78.33M | 75.68M | 76.65M | 76.88M | 78.91M | 75.46M | 77.93M | 76.91M | 77.78M | 72.16M | 74.19M | 71.21M | 66.89M |
| Deferred Tax Liabilities | 30.77M | 28.39M | 35.7M | 34.4M | 34.05M | 29.46M | 24.91M | 26.53M | 27.34M | 24.82M | 26.49M | 23.1M | 21.52M | 21.3M | 23.84M | 19.48M | 16.07M | 14.38M | 6.68M | 8.28M |
| Other Non-Current Liabilities | 1.86M | -107.36M | 5.41M | 4.57M | 4.9M | 18.27M | 8.34M | 5.51M | 2.99M | 2.36M | 14.76M | 12.78M | 13.87M | 13.03M | 4.03M | 4.86M | 4.26M | 7.34M | 6.44M | 5.44M |
| Total Liabilities | 459.19M | 433.81M | 413.83M | 414.01M | 420.68M | 408.42M | 358.47M | 353.17M | 345.29M | 345M | 341.98M | 344.07M | 384.37M | 373.59M | 332.95M | 336.11M | 303.64M | 296.98M | 201.26M | 194.81M |
| Total Debt | 362.83M | 425.74M | 308.4M | 305.4M | 307.31M | 295.23M | 254.35M | 258.97M | 256.35M | 258.59M | 260.38M | 261.18M | 299.52M | 295.34M | 263.63M | 263.53M | 225.71M | 223.08M | 136.34M | 134.59M |
| Net Debt | 334.39M | 390.17M | 277.3M | 271.31M | 268.12M | 253.87M | 137.39M | 146.06M | 124.06M | 105.76M | 112.7M | 100.44M | 266.92M | 263.74M | 225.71M | 214.96M | 201.49M | 194.51M | 117.16M | 114.17M |
| Debt / Equity | 0.46x | 0.55x | 0.39x | 0.40x | 0.40x | 0.39x | 0.38x | 0.39x | 0.38x | 0.40x | 0.39x | 0.40x | 0.62x | 0.61x | 0.56x | 0.57x | 0.49x | 0.49x | 0.32x | 0.31x |
| Debt / EBITDA | 17.72x | 15.98x | 9.90x | 9.85x | 12.05x | 14.60x | 13.29x | 12.90x | 13.48x | 79.98x | 13.12x | 10.93x | 14.41x | 27.90x | 14.21x | 11.19x | 11.97x | 11.42x | 6.83x | 5.38x |
| Net Debt / EBITDA | 16.33x | 14.64x | 8.90x | 8.75x | 10.51x | 12.55x | 7.18x | 7.27x | 6.52x | 32.71x | 5.68x | 4.20x | 12.84x | 24.91x | 12.17x | 9.13x | 10.69x | 9.96x | 5.87x | 4.56x |
| Interest Coverage | 5.19x | 7.36x | 10.50x | 10.35x | 8.60x | 9.94x | 7.11x | 8.47x | 8.50x | 1.05x | 8.51x | 8.25x | 6.62x | 3.04x | 8.97x | 20.75x | 29.67x | 97.28x | 67.93x | 93.99x |
| Total Equity | 782.87M | 769.74M | 782.44M | 765.59M | 759.01M | 759.05M | 670.72M | 669.97M | 671.97M | 652.24M | 668.21M | 655.51M | 483.76M | 484.57M | 466.76M | 460.33M | 460.22M | 452.44M | 428.83M | 428.15M |
| Equity Growth % | 3.14% | 1.41% | 16.66% | 14.27% | 12.95% | 16.38% | 0.38% | 2.21% | 38.91% | 34.6% | 43.16% | 42.4% | 5.11% | 7.1% | 8.84% | 7.52% | 10.59% | 10.36% | 5.71% | 8.83% |
| Book Value per Share | 51.62 | 50.72 | 51.46 | 50.38 | 50.16 | 50.39 | 44.49 | 44.45 | 44.75 | 43.52 | 44.59 | 47.78 | 37.14 | 37.27 | 35.90 | 35.42 | 35.57 | 35.04 | 33.22 | 33.18 |
| Total Shareholders' Equity | 468.98M | 476.43M | 503.57M | 500.75M | 497.26M | 488.93M | 482.76M | 484.57M | 479.77M | 476.19M | 491.97M | 488.5M | 318.06M | 315.79M | 317.15M | 307.18M | 300.97M | 295.61M | 289.78M | 283.85M |
| Common Stock | 175K | 174K | 172K | 172K | 172K | 172K | 172K | 172K | 172K | 172K | 172K | 172K | 152K | 152K | 152K | 152K | 151K | 151K | 151K | 151K |
| Retained Earnings | 216.88M | 227.22M | 237.27M | 236.36M | 234.16M | 227.26M | 225.87M | 226.48M | 223.57M | 223.77M | 238.56M | 237.66M | 234.76M | 232.95M | 235.68M | 232.25M | 227.24M | 224.4M | 219.34M | 216.29M |
| Treasury Stock | -37.19M | -37.19M | -31.63M | -31.63M | -31.63M | -31.63M | -31.63M | -31.63M | -31.63M | -31.63M | -31.63M | -31.63M | -31.63M | -31.63M | -31.63M | -31.63M | -31.63M | -31.63M | -31.63M | -31.63M |
| Accumulated OCI | 978K | 714K | 945K | 1.21M | 1.78M | 2.8M | 1.34M | 4.08M | 4.11M | 2.78M | 5.75M | 4.8M | 2.65M | 4M | 4.42M | -395K | 0 | 0 | 0 | 0 |
| Minority Interest | 313.9M | 293.31M | 278.88M | 264.84M | 261.75M | 270.12M | 187.96M | 185.4M | 192.19M | 176.04M | 176.23M | 167.01M | 165.7M | 168.78M | 149.61M | 153.16M | 159.25M | 156.84M | 139.05M | 144.3M |