Chemed Corp (CHE)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 16,250 | 92,500 | 95,850 | 111,800 | 120,000 | 185,000 | — | — | — | — | — | — | 160,000 | 90,000 | 130,000 | 85,000 | 100,000 |
| Total assets | US$ in thousands | 1,668,100 | 1,562,080 | 1,505,180 | 1,431,180 | 1,442,010 | 1,356,200 | 1,312,960 | 1,305,760 | 1,342,720 | 1,318,130 | 1,383,800 | 1,458,130 | 1,434,910 | 1,366,950 | 1,291,190 | 1,277,560 | 1,268,320 | 1,232,580 | 1,094,070 | 1,069,830 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.01 | 0.06 | 0.07 | 0.09 | 0.09 | 0.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | 0.07 | 0.11 | 0.08 | 0.09 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,668,100K
= 0.00
The debt-to-assets ratio of Chemed Corp. has been consistently low in the most recent quarters, with a noticeable increase from 0.01 in Q1 2023 to 0.07 in Q4 2022. This could indicate that the company has been effectively managing its debt levels relative to its total assets. Additionally, the ratios for all quarters in 2022 and 2023 are below 0.1, suggesting a conservative approach to financing and a strong financial position with minimal reliance on debt. It is essential to monitor this ratio over time to ensure that Chemed Corp. continues to maintain a healthy balance between debt and assets in its capital structure.
Peer comparison
Dec 31, 2023