The Ensign Group Inc (ENSG)
Debt-to-equity 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-equity ratio | 0.08 | 0.08 | 0.09 | 0.09 | 0.10 | 0.10 | 0.11 | 0.11 | 0.12 | 0.13 | 0.00 | 0.00 | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $141,585K ÷ $1,837,110K
= 0.08
The debt-to-equity ratio of The Ensign Group Inc has shown a stable pattern of 0.00 from March 2020 to March 2021, indicating that the company was not utilizing debt to finance its operations and was relying solely on equity. However, from December 2021 to December 2024, the ratio gradually increased from 0.15 to 0.08. This suggests that the company started taking on some level of debt relative to its equity during this period.
A debt-to-equity ratio of 0.08 to 0.15 indicates that The Ensign Group Inc has a moderate level of financial leverage, with a greater proportion of its financing coming from equity as compared to debt. This can be seen as a positive sign as it implies a lower risk for creditors and investors, as well as potentially stronger financial stability.
It is important to keep monitoring the trend of the debt-to-equity ratio for The Ensign Group Inc to assess how the company manages its capital structure and financial risk over time.
Peer comparison
Dec 31, 2024