Addus HomeCare Corporation (ADUS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 970,492 | 706,694 | 633,540 | 574,344 | 518,676 |
| Debt-to-capital ratio | 0.18 | 0.15 | 0.17 | 0.28 | 0.27 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $218,443K ÷ ($218,443K + $970,492K)
= 0.18
The debt-to-capital ratio of Addus HomeCare Corporation has shown a decreasing trend over the past five years, starting at 0.27 in December 2020 and reaching its lowest point at 0.15 in December 2023 before slightly rising to 0.18 in December 2024. This indicates that the company has been effectively managing its debt levels in relation to its capital structure. A decreasing trend in the debt-to-capital ratio typically suggests a decreasing reliance on debt financing, potentially decreasing financial risk and increasing financial stability. In this case, the company's progressively decreasing ratio reflects a positive trend in its financial health and stability.
Peer comparison
Dec 31, 2024