Chemed Corp (CHE)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,668,580 | 1,668,100 | 1,442,010 | 1,342,720 | 1,434,910 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,668,580K
= 0.00
Chemed Corp's debt-to-assets ratio has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This signifies that the company has not used debt to finance its assets during this period. A low or zero debt-to-assets ratio can indicate a strong financial position, as it suggests that the company relies more on equity financing rather than borrowing. It demonstrates financial stability and a reduced risk of financial distress due to lower levels of debt. Chemed Corp's prudent approach to managing its debt levels may contribute to its overall financial health and sustainability.
Peer comparison
Dec 31, 2024