Enhabit Inc. (EHAB)
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 | ||
|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 669,700 | 676,600 | 675,200 | 744,300 | 741,700 | 835,400 | 822,300 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $669,700K
= 0.00
Enhabit Inc. has consistently maintained a debt-to-equity ratio of 0.00 across all the periods provided in the table. A debt-to-equity ratio of 0.00 indicates that the company has zero debt in relation to its equity. This suggests that the company is not relying on debt financing to fund its operations or growth, and is instead primarily financing its operations through equity. A low or zero debt-to-equity ratio can be seen positively by investors and creditors as it signifies lower financial risk and a strong financial position. However, it's important to consider other factors such as industry norms and the company's growth plans to fully assess the implications of this ratio.
Peer comparison
Dec 31, 2023