Addus HomeCare Corporation (ADUS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 970,492 | 947,634 | 921,655 | 725,143 | 706,694 | 684,334 | 666,351 | 648,886 | 633,540 | 614,837 | 599,777 | 585,778 | 574,344 | 558,051 | 544,055 | 529,910 | 518,676 | 507,600 | 494,861 | 486,808 |
| Debt-to-capital ratio | 0.18 | 0.00 | 0.00 | 0.12 | 0.15 | 0.19 | 0.11 | 0.14 | 0.17 | 0.21 | 0.25 | 0.30 | 0.28 | 0.28 | 0.26 | 0.27 | 0.27 | 0.11 | 0.11 | 0.11 |
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 some fluctuation over the past few years. It remained relatively stable at around 0.11 from March 2020 to June 2021, indicating a conservative level of debt relative to the company's total capital. However, there was a noticeable increase in the ratio to 0.27 by the end of December 2021 and March 2022, suggesting a higher proportion of debt in the company's capital structure.
Subsequently, there was a decrease in the debt-to-capital ratio to 0.25 by June 2022, followed by further declines to 0.15 by December 2023. This downward trend signified a reduction in the company's reliance on debt financing compared to its total capital. However, there were spikes in the ratio to 0.19 by September 2023 and back up to 0.18 by December 2024, indicating some variability in the debt levels during these periods.
Notably, by June 2024, the debt-to-capital ratio decreased sharply to 0.00, suggesting a period where the company had either significantly reduced its debt or increased its capital base without incurring additional debt. This trend continued through September 2024, maintaining a debt-to-capital ratio of 0.00.
Overall, the debt-to-capital ratio of Addus HomeCare Corporation has demonstrated fluctuations over time, with periods of both stability and variability. It is essential for stakeholders to monitor these fluctuations to assess the company's leverage and financial risk levels accurately.
Peer comparison
Dec 31, 2024