Addus HomeCare Corporation (ADUS)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,412,630 | 1,024,430 | 937,994 | 947,585 | 892,582 |
| Total stockholders’ equity | US$ in thousands | 970,492 | 706,694 | 633,540 | 574,344 | 518,676 |
| Financial leverage ratio | 1.46 | 1.45 | 1.48 | 1.65 | 1.72 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,412,630K ÷ $970,492K
= 1.46
The financial leverage ratio of Addus HomeCare Corporation has shown a declining trend over the past five years, decreasing from 1.72 in December 2020 to 1.46 in December 2024. This indicates that the company has been gradually reducing its reliance on debt to finance its operations and growth. A decreasing financial leverage ratio suggests a strengthening financial position and lower financial risk, as the company is less dependent on borrowed funds. Overall, the trend in Addus HomeCare Corporation's financial leverage ratio reflects a positive trajectory towards a more balanced capital structure and improved financial stability.
Peer comparison
Dec 31, 2024