The Ensign Group Inc (ENSG)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,837,110 | 1,491,860 | 1,247,330 | 1,020,770 | 818,077 |
| Debt-to-capital ratio | 0.07 | 0.09 | 0.11 | 0.13 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $141,585K ÷ ($141,585K + $1,837,110K)
= 0.07
The debt-to-capital ratio of The Ensign Group Inc has shown a decreasing trend over the past five years, starting at 0.00 as of December 31, 2020, and gradually declining to 0.07 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt relative to its total capital structure. A lower debt-to-capital ratio suggests a stronger financial position and lower financial risk for the company. The downward trend in this ratio reflects a positive development in the company's capital structure management, potentially improving its ability to weather economic downturns and pursue growth opportunities in the future.
Peer comparison
Dec 31, 2024