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
Company name
Symbol
Financial leverage ratio
Chemed Corp
CHE
1.51
Adapthealth Corp
AHCO
3.09
Addus HomeCare Corporation
ADUS
1.45
Amedisys Inc
AMED
1.93
Enhabit Inc.
EHAB
2.14
Option Care Health Inc
OPCH
2.26