Healthcare Services Group Inc (HCSG)

Debt-to-equity ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 499,927 488,748 471,423 474,581 456,616 441,733 450,589 440,572 426,172 422,076 437,845 446,637 452,677 480,205 488,304 493,102 480,461 464,750 449,687 438,179
Debt-to-equity 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, 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 remained consistently at 0.00 from March 31, 2020 to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations during this period and has relied solely on equity financing. A debt-to-equity ratio of 0.00 signifies a conservative financial structure, showcasing lower financial risk and a strong financial position as the company has no debt obligations relative to its equity. This stability in the debt-to-equity ratio suggests that Healthcare Services Group Inc has maintained a prudent capital structure and has not taken on any significant financial leverage.