Healthcare Services Group Inc (HCSG)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 456,616 | 418,279 | 452,677 | 480,461 | 460,305 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $456,616K)
= 0.00
The debt-to-capital ratio for Healthcare Services Group, Inc. has shown fluctuations over the past five years. In 2019, the ratio stood at 0.02, indicating a moderate level of debt relative to total capital. The ratio increased slightly to 0.06 in 2022, suggesting a higher proportion of debt in the company's capital structure. However, this ratio decreased significantly in 2021 to 0.00, signaling either a decrease in debt or an increase in capital.
In 2023, the debt-to-capital ratio slightly increased to 0.05, reflecting a moderate level of debt compared to total capital. Overall, the company has maintained a relatively low level of debt in relation to its total capital base over the years, which is generally considered a positive sign of financial stability and lower financial risk. This suggests that Healthcare Services Group, Inc. has been prudent in managing its debt levels and maintaining a balanced capital structure.