Chemed Corp (CHE)

Financial leverage 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
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
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
Financial leverage ratio 1.51 1.53 1.58 1.63 1.81 1.88 1.92 1.96 2.15 1.69 1.59 1.57 1.59 1.71 1.72 1.87 1.75 1.83 1.77 1.82

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,668,100K ÷ $1,107,880K
= 1.51

The financial leverage ratio of Chemed Corp. has been gradually decreasing from 1.96 in Q1 2022 to 1.51 in Q4 2023. This indicates that the company has been reducing its reliance on debt to finance its operations over the past quarters. A lower financial leverage ratio suggests a lower level of financial risk and a stronger financial position, as the company has less debt in proportion to its equity. Chemed Corp. seems to be managing its capital structure effectively and moving towards a more conservative financing approach.


Peer comparison

Dec 31, 2023