The Ensign Group Inc (ENSG)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 141,585 | 142,577 | 143,559 | 144,533 | 145,497 | 146,453 | 147,401 | 148,339 | 149,269 | 150,191 | — | — | 152,883 | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 4,669,360 | 4,629,160 | 4,437,340 | 4,308,410 | 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 |
| Debt-to-assets ratio | 0.03 | 0.03 | 0.03 | 0.03 | 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 |
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 at low levels, indicating a conservative approach to financing its operations. As of December 31, 2021, the ratio increased slightly to 0.05, implying that 5% of the company's assets were financed by debt. However, in the subsequent quarters, the ratio decreased to 0.03 as of December 31, 2024, indicating a lower dependency on debt to fund its assets.
Overall, the company has maintained a prudent balance between debt and assets, with the ratio consistently remaining below 0.05 in the analyzed period. This suggests that The Ensign Group Inc has a solid financial position and is not overly leveraged, which can be viewed positively by investors and creditors.
Peer comparison
Dec 31, 2024