Chemed Corp (CHE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,107,880 | 1,019,240 | 952,079 | 880,053 | 798,715 | 721,416 | 684,960 | 666,705 | 623,273 | 779,719 | 870,774 | 928,884 | 901,200 | 801,408 | 750,696 | 683,601 | 726,608 | 672,380 | 618,569 | 588,010 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.02 | 0.10 | 0.12 | 0.14 | 0.15 | 0.23 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.19 | 0.11 | 0.16 | 0.12 | 0.15 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,107,880K)
= 0.00
The debt-to-capital ratio of Chemed Corp. has shown a consistent decrease from 0.15 in Q1 2022 to 0.02 in Q1 2023, before reaching 0.00 in the latest quarters. This decreasing trend indicates that the company has been reducing its debt in relation to its total capital over the past eight quarters. A decrease in the debt-to-capital ratio is generally considered positive as it signifies a lower reliance on debt financing, which may lead to lower financial risk and increased financial stability. The recent trend of having a debt-to-capital ratio of 0.00 suggests that Chemed Corp. has little to no debt relative to its total capital, indicating a potentially strong financial position with more room for growth and flexibility in its capital structure.
Peer comparison
Dec 31, 2023