Healthcare Services Group Inc (HCSG)
Debt-to-equity 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-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, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $456,616K
= 0.00
The debt-to-equity ratio of Healthcare Services Group, Inc. has shown a downward trend over the past eight quarters, indicating a generally decreasing level of financial leverage. The ratio declined steadily from 0.10 in Q3 2023 to 0.05 in Q4 2023. This downward trend suggests the company has been relying less on debt to finance its operations relative to its equity base.
Furthermore, the debt-to-equity ratio has consistently remained relatively low over the past two years, with values ranging from 0.02 to 0.10. This implies that the company's financial structure is relatively conservative, as it has maintained a low level of debt compared to equity during this period.
Overall, the decreasing trend in the debt-to-equity ratio and the consistently low levels indicate that Healthcare Services Group, Inc. has been managing its debt levels prudently, potentially reducing its financial risk and enhancing its financial stability.