Healthcare Services Group Inc (HCSG)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 456,616 | 441,733 | 450,589 | 440,572 | 418,279 | 422,076 | 437,845 | 446,637 | 452,677 | 480,205 | 488,304 | 493,102 | 480,461 | 464,750 | 449,687 | 438,179 | 460,305 | 455,299 | 449,648 | 442,549 |
| Debt-to-capital 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-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 some variability over the past eight quarters. In Q4 2023, the ratio stood at 0.05, indicating that the company's total debt represented 5% of its total capital. This was lower compared to the previous quarter (Q3 2023) when the ratio was 0.09.
During Q2 and Q3 of 2023, the ratio remained relatively stable at 0.08 and 0.09, respectively, before decreasing to 0.07 in Q1 2023. Looking further back, the ratio was 0.06 in Q4 2022 and Q3 2022, indicating a consistent level of debt relative to capital during that period.
The debt-to-capital ratio was notably lower in Q2 and Q1 of 2022, at 0.02 for both quarters, suggesting that Healthcare Services Group, Inc. had a lower level of debt relative to its total capital during those periods.
Overall, the trend in the debt-to-capital ratio for Healthcare Services Group, Inc. shows some fluctuation but generally indicates prudent management of debt levels relative to the company's total capital over the examined quarters.