Healthcare Services Group Inc (HCSG)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 802,772 | 805,841 | 799,702 | 803,880 | 803,182 | 750,716 | 761,758 | 719,133 | 718,334 | 722,164 | 740,058 | 746,516 | 777,529 | 793,605 | 817,994 | 782,809 | 785,031 | 754,331 | 736,688 | 732,077 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 been reported as 0.00 over the period from March 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company relies entirely on its equity to finance its operations and investments, which may indicate a conservative financial strategy or strong cash flow generation to support its assets without resorting to debt financing. It also implies a lower financial risk and less exposure to interest rate fluctuations. However, it is important to consider other financial metrics and factors to obtain a comprehensive understanding of the company's overall financial health and performance.