Encompass Health Corp (EHC)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,647,500 | 1,560,400 | 1,475,300 | 1,383,500 | 1,310,300 | 1,217,000 | 2,003,000 | 1,973,500 | 1,911,300 | 1,842,700 | 1,762,000 | 1,655,100 | 1,588,000 | 1,520,800 | 1,462,800 | 1,443,900 | 1,352,200 | 1,333,100 | 1,275,900 | 1,314,300 |
| 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 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,647,500K)
= 0.00
The debt-to-capital ratio of Encompass Health Corp has exhibited a fluctuating trend over the past eight quarters. The ratio has ranged from 0.62 to 0.69 during this period.
In the most recent quarter, Q4 2023, the debt-to-capital ratio decreased to 0.62 from 0.64 in Q3 2023. This suggests that the company's debt level relative to its total capital has slightly decreased, indicating a potentially improved financial position with a lower reliance on debt financing.
Overall, the downward trend in the debt-to-capital ratio from Q1 2022 to Q4 2023 may indicate that Encompass Health Corp has been managing its debt levels effectively, possibly through deleveraging or increased equity financing. However, it is important to consider the reasons behind these fluctuations and assess the sustainability of this trend in the long term.
Peer comparison
Dec 31, 2023