Encompass Health Corp (EHC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 6,102,400 | 5,636,500 | 6,864,900 | 6,445,900 | 6,080,700 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,102,400K
= 0.00
The debt-to-assets ratio of Encompass Health Corp has shown a decreasing trend over the past five years, indicating improvements in the company's leverage position. As of December 31, 2023, the ratio stands at 0.44, down from 0.49 in the prior year. This suggests that the company's level of debt in relation to its total assets has decreased, reflecting a stronger financial position and potentially lower financial risk. The downward trend in the debt-to-assets ratio signals that Encompass Health Corp has been effectively managing its debt levels relative to its asset base, which can enhance its ability to operate and grow sustainably. Overall, this improvement in the debt-to-assets ratio indicates a positive trajectory for the company's financial health and risk management strategies.
Peer comparison
Dec 31, 2023