Addus HomeCare Corporation (ADUS)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 218,443 | 124,132 | 131,772 | 220,912 | 193,901 |
| Total assets | US$ in thousands | 1,412,630 | 1,024,430 | 937,994 | 947,585 | 892,582 |
| Debt-to-assets ratio | 0.15 | 0.12 | 0.14 | 0.23 | 0.22 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $218,443K ÷ $1,412,630K
= 0.15
The debt-to-assets ratio of Addus HomeCare Corporation has shown a declining trend over the past five years, decreasing from 0.22 as of December 31, 2020, to 0.15 as of December 31, 2024. This ratio indicates that the company has been effectively managing its debt levels relative to its total assets. A lower debt-to-assets ratio suggests that the company is relying less on debt financing and may have a stronger financial position. Overall, the decreasing trend in the debt-to-assets ratio demonstrates improved financial stability and a potentially lower financial risk for Addus HomeCare Corporation.
Peer comparison
Dec 31, 2024