Addus HomeCare Corporation (ADUS)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 218,443 | — | — | 99,347 | 124,132 | 163,917 | 78,702 | 108,487 | 131,772 | 163,557 | 196,342 | 256,127 | 220,912 | 220,707 | 193,714 | 193,839 | 193,901 | 59,561 | 59,048 | 59,112 |
| Total assets | US$ in thousands | 1,412,630 | 1,152,900 | 1,116,550 | 1,014,000 | 1,024,430 | 1,035,730 | 928,384 | 931,083 | 937,994 | 945,933 | 964,528 | 987,211 | 947,585 | 924,915 | 889,160 | 877,577 | 892,582 | 695,431 | 660,921 | 644,819 |
| Debt-to-assets ratio | 0.15 | 0.00 | 0.00 | 0.10 | 0.12 | 0.16 | 0.08 | 0.12 | 0.14 | 0.17 | 0.20 | 0.26 | 0.23 | 0.24 | 0.22 | 0.22 | 0.22 | 0.09 | 0.09 | 0.09 |
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 fluctuations over the period under review. The ratio was relatively stable at around 0.09 from March 2020 to September 2020. However, there was a significant increase in the ratio to 0.22 by December 2020 and it remained at that level until March 2021.
From June 2021 to September 2021, there was a slight increase in the ratio to 0.24 before decreasing to 0.23 by December 2021. The ratio then saw a notable increase to 0.26 by March 2022. However, there was a decrease in the ratio to 0.20 by June 2022, followed by further decreases to 0.17 and 0.14 by September and December 2022, respectively.
The ratio continued to decline significantly to 0.12 by March 2023, before a slight increase to 0.16 by September 2023. Subsequently, the ratio decreased again to 0.12 by December 2023 and to 0.10 by March 2024. Notably, as of June 2024, the debt-to-assets ratio dropped to 0.00 and remained at this low level until the end of 2024 when it increased to 0.15.
Overall, the debt-to-assets ratio of Addus HomeCare Corporation has exhibited varied trends, indicating fluctuations in the company's debt and asset composition over the analyzed period.
Peer comparison
Dec 31, 2024