The Ensign Group Inc (ENSG)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,837,110 | 1,747,300 | 1,657,360 | 1,577,900 | 1,491,860 | 1,459,750 | 1,387,780 | 1,318,170 | 1,247,330 | 1,180,060 | 1,120,170 | 1,071,590 | 1,020,770 | 979,200 | 928,593 | 876,047 | 818,077 | 764,755 | 715,997 | 675,236 |
| Debt-to-capital ratio | 0.07 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.10 | 0.10 | 0.11 | 0.11 | 0.00 | 0.00 | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 been consistently low, standing at 0.00 for the majority of the periods provided, indicating a minimal level of debt in relation to the company's total capital during those periods. However, there was a slight increase in the ratio to 0.13 as of December 31, 2021, suggesting a small proportion of debt relative to the total capital at that point in time. Subsequently, the ratio decreased to 0.07 as of December 31, 2024, indicating a lower reliance on debt financing compared to the total capital in the most recent period. This trend of a low debt-to-capital ratio demonstrates a conservative approach by the company towards debt management, which could imply a lower financial risk and greater financial stability for The Ensign Group Inc.
Peer comparison
Dec 31, 2024