Addus HomeCare Corporation (ADUS)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.46 | 1.22 | 1.21 | 1.40 | 1.45 | 1.51 | 1.39 | 1.43 | 1.48 | 1.54 | 1.61 | 1.69 | 1.65 | 1.66 | 1.63 | 1.66 | 1.72 | 1.37 | 1.34 | 1.32 |
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 some fluctuations over the past few years. It started at 1.32 as of March 31, 2020, and gradually increased to a peak of 1.72 by December 31, 2020. Subsequently, the ratio decreased slightly to 1.61 by June 30, 2022, before showing some fluctuations between 1.39 to 1.54 up to September 30, 2022.
From March 31, 2023, the financial leverage ratio exhibited a declining trend, reaching as low as 1.21 by June 30, 2024, representing a significant reduction in leverage. However, by the end of the year, the ratio increased to 1.46. Overall, the financial leverage ratio of Addus HomeCare Corporation demonstrates a variable pattern, with fluctuations that may indicate changing levels of debt and equity financing in the company's capital structure.
Peer comparison
Dec 31, 2024