Healthcare Services Group Inc (HCSG)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 790,652 | 750,716 | 761,758 | 719,133 | 720,836 | 722,164 | 740,058 | 746,516 | 777,529 | 793,603 | 817,994 | 782,809 | 785,031 | 754,331 | 736,688 | 732,077 | 722,592 | 726,359 | 710,131 | 722,924 |
| 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, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $790,652K
= 0.00
The debt-to-assets ratio of Healthcare Services Group, Inc. has shown consistent low levels over the quarters analyzed. The ratio has ranged from 0.01 to 0.06, with the highest being in Q3 2023. This indicates that, on average, the company's debt is relatively low compared to its total assets. A lower debt-to-assets ratio is generally considered favorable as it suggests lower financial risk and greater financial stability. Healthcare Services Group, Inc. appears to have been effectively managing its debt load, which bodes well for its financial health and ability to meet its obligations.