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.