Healthcare Services Group Inc (HCSG)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 499,927 | 456,616 | 426,172 | 452,677 | 480,461 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $499,927K)
= 0.00
The debt-to-capital ratio of Healthcare Services Group Inc has remained consistent at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt significantly to finance its operations, and instead relies more on equity to fund its activities. A low debt-to-capital ratio is generally viewed positively by investors and creditors as it signifies lower financial risk and greater financial stability for the company. Healthcare Services Group Inc's consistent 0.00 debt-to-capital ratio over the years suggests a strong financial position and effective management of its capital structure.