The Ensign Group Inc (ENSG)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.54 | 2.65 | 2.68 | 2.73 | 2.80 | 2.80 | 2.85 | 2.93 | 2.77 | 2.77 | 2.79 | 2.84 | 2.79 | 2.87 | 2.85 | 2.87 | 3.11 | 3.22 | 3.48 | 3.54 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,669,360K ÷ $1,837,110K
= 2.54
The financial leverage ratio of The Ensign Group Inc has shown a decreasing trend from 3.54 as of March 31, 2020, to 2.54 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt financing over the years, which can be seen as a positive signal for investors and lenders. A lower financial leverage ratio implies that the company is financing its assets more with equity rather than debt, which could lead to lower financial risk and greater stability in the long term. Overall, the declining trend in the financial leverage ratio suggests that The Ensign Group Inc has been managing its capital structure prudently.
Peer comparison
Dec 31, 2024