Healthcare Services Group Inc (HCSG)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 802,772 | 790,652 | 718,334 | 777,529 | 785,031 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $802,772K
= 0.00
The debt-to-assets ratio for Healthcare Services Group Inc has consistently stood at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A low debt-to-assets ratio suggests that the company is relying more on equity financing rather than debt, which can be a positive sign of financial stability and lower financial risk. However, it is essential to note that this ratio alone may not provide a complete picture of the company's financial health, and other factors should be considered in a comprehensive analysis of its financial position.