Chemed Corp (CHE)
Solvency ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.49 | 1.49 | 1.43 | 1.44 | 1.46 | 1.59 | 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 |
Chemed Corp has consistently maintained a strong solvency position as evidenced by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which have been reported at 0.00 across multiple periods up to March 31, 2025. This indicates that the company has minimal levels of debt in relation to its total assets, capital, and equity, suggesting a conservative approach to financing its operations.
Furthermore, the financial leverage ratio of Chemed Corp has exhibited fluctuations over the periods analyzed, ranging from 1.43 to 2.15. Despite these fluctuations, the ratios have generally remained below 2.0, indicating that the company has been able to effectively manage its capital structure and debt levels relative to its equity.
Overall, Chemed Corp's solvency ratios reflect a sound financial position with low debt levels and a balanced mix of debt and equity in its capital structure. These ratios suggest that the company has a strong ability to meet its financial obligations and is not overly reliant on debt financing, which enhances its financial stability and long-term sustainability.
Coverage ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 232.38 | 214.91 | 232.81 | 225.67 | 178.15 | 113.76 | 73.04 | 58.94 | 61.40 | 74.93 | 102.29 | 132.61 | 155.64 | 188.53 | 237.28 | 260.38 | 234.24 | 169.15 | 106.08 | 83.91 |
The interest coverage ratio for Chemed Corp has exhibited fluctuating trends over the past few years based on the provided data.
The interest coverage ratio, which measures the company's ability to meet its interest payments on outstanding debt, was at a healthy level of 83.91 as of June 30, 2020. This indicates that the company earned 83.91 times the interest it had to pay.
Subsequently, there was an improvement in the interest coverage ratio, reaching 260.38 as of June 30, 2021, signaling a substantial increase in the company's ability to cover its interest expenses. However, the ratio decreased gradually over the next few quarters, dropping to 58.94 as of June 30, 2023.
Following this decline, there was an intermittent recovery in the interest coverage ratio, showing slight improvements in the subsequent quarters. However, the ratio remained below the levels seen in the previous years.
Overall, the trend in Chemed Corp's interest coverage ratio indicates fluctuations in the company's ability to cover its interest expenses over the given period. Investors and analysts may need to closely monitor the company's financial performance and debt management to assess its future financial stability.