The Ensign Group Inc (ENSG)
Debt-to-assets 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 | 145,497 | 146,453 | 147,401 | 148,339 | 149,269 | 150,191 | — | — | 152,883 | — | — | — | — | — | — | — | — | — | 268,179 | 240,660 |
| Total assets | US$ in thousands | 4,177,540 | 4,081,980 | 3,952,360 | 3,862,240 | 3,452,020 | 3,265,270 | 3,124,670 | 3,044,560 | 2,850,620 | 2,813,380 | 2,648,550 | 2,512,500 | 2,545,580 | 2,464,990 | 2,488,160 | 2,388,010 | 2,361,910 | 2,359,550 | 2,321,520 | 2,218,360 |
| Debt-to-assets ratio | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | 0.11 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $145,497K ÷ $4,177,540K
= 0.03
The debt-to-assets ratio of Ensign Group Inc has remained relatively stable over the past two years, fluctuating within a narrow range of 0.04 to 0.05. This indicates that the company has a low level of debt relative to its total assets throughout the periods examined. A low debt-to-assets ratio suggests that Ensign Group Inc has a conservative capital structure with a lower financial risk, as it relies less on debt financing to fund its operations and investments. Overall, the consistent low debt-to-assets ratio indicates that the company has a prudent debt management strategy in place.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-assets ratio
The Ensign Group Inc
ENSG
0.03
National HealthCare Corporation
NHC
0.00