Addus HomeCare Corporation (ADUS)
Debt-to-equity 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-equity ratio | 0.23 | 0.00 | 0.00 | 0.14 | 0.18 | 0.24 | 0.12 | 0.17 | 0.21 | 0.27 | 0.33 | 0.44 | 0.38 | 0.40 | 0.36 | 0.37 | 0.37 | 0.12 | 0.12 | 0.12 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $218,443K ÷ $970,492K
= 0.23
The debt-to-equity ratio for Addus HomeCare Corporation has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.12 in March 2020 and remained stable at this level until December 2020, when it increased to 0.37. This sudden increase indicates a significant rise in the company's debt relative to its equity at the end of 2020.
Subsequently, the ratio fluctuated between 0.36 and 0.44 from March 31, 2021, to March 31, 2022, showcasing some variability in the company's capital structure during this period. Notably, there was a decrease to 0.33 in June 2022, followed by a further decrease to 0.27 in September 2022, indicating potential deleveraging efforts by the company during this time.
The ratio then dropped to 0.21 by December 31, 2022, demonstrating a significant reduction in debt relative to equity. This downward trend continued with ratios of 0.17 in March 31, 2023, and 0.12 in June 30, 2023, suggesting a continued focus on reducing debt levels.
However, the ratio increased to 0.24 in September 30, 2023, before dropping again to 0.18 by December 31, 2023. The trend reversed with a slight increase to 0.14 in March 31, 2024. Notably, the ratio decreased significantly to 0.00 by June 30, 2024, indicating potentially zero debt compared to equity at that point.
This ratio remained at 0.00 for September 30, 2024, before increasing to 0.23 by December 31, 2024. Overall, the debt-to-equity ratio analysis suggests fluctuations in Addus HomeCare Corporation's capital structure, with periods of increase and decrease in debt compared to equity, reflecting the company's changing financial leverage and potential strategic decisions regarding its debt levels.
Peer comparison
Dec 31, 2024