Chemed Corp (CHE)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.02 | 0.12 | 0.13 | 0.16 | 0.18 | 0.30 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.23 | 0.12 | 0.19 | 0.14 | 0.17 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,107,880K
= 0.00
The debt-to-equity ratio of Chemed Corp. has fluctuated over the past eight quarters. In Q4 2022, the ratio was 0.12, indicating the company had a moderate level of debt relative to its equity. This ratio increased to 0.14 in Q3 2022 and further to 0.17 in Q2 2022, suggesting a rising trend in the company's leverage.
However, starting from Q1 2023, there was a significant improvement in the debt-to-equity ratio, dropping to 0.02 in Q1 2023 and reaching 0.00 in each of the following three quarters. These low ratios indicate a minimal level of debt compared to equity, signaling a more conservative financial structure and potentially reduced financial risk for the company.
Overall, the recent trend of decreasing debt-to-equity ratios suggests that Chemed Corp. has been effectively managing its debt levels and enhancing its financial stability. It is important for investors and stakeholders to monitor future changes in this ratio to assess the company's leverage and financial health.
Peer comparison
Dec 31, 2023