The Ensign Group Inc (ENSG)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 141,585 | 145,497 | 149,269 | 152,883 | — |
| Total assets | US$ in thousands | 4,669,360 | 4,177,540 | 3,452,020 | 2,850,620 | 2,545,580 |
| Debt-to-assets ratio | 0.03 | 0.03 | 0.04 | 0.05 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $141,585K ÷ $4,669,360K
= 0.03
The debt-to-assets ratio of The Ensign Group Inc has been relatively stable over the past five years, starting at 0.00 in December 31, 2020, and gradually increasing to 0.05 in December 31, 2021, before decreasing to 0.04 in December 31, 2022, and then further decreasing to 0.03 in both December 31, 2023, and December 31, 2024. This indicates that the company has been successful in managing its debt levels in relation to its assets, showing a conservative approach to leverage. A lower debt-to-assets ratio suggests less financial risk and greater financial stability for the company.
Peer comparison
Dec 31, 2024