Healthcare Services Group Inc (HCSG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $499,927K
= 0.00
The debt-to-equity ratio of Healthcare Services Group Inc has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been financing its operations primarily through equity rather than debt during this period. A low debt-to-equity ratio can signal financial stability and a lower risk level for the company, as it suggests that the company is not heavily reliant on borrowing to fund its operations. However, it is also important to consider the context of the industry and company's specific circumstances when evaluating the significance of this ratio.