Healthcare Services Group Inc (HCSG)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 802,772 | 790,652 | 718,334 | 777,529 | 785,031 |
| Total stockholders’ equity | US$ in thousands | 499,927 | 456,616 | 426,172 | 452,677 | 480,461 |
| Financial leverage ratio | 1.61 | 1.73 | 1.69 | 1.72 | 1.63 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $802,772K ÷ $499,927K
= 1.61
The financial leverage ratio of Healthcare Services Group Inc has shown some fluctuations over the years. As of December 31, 2020, the ratio was at 1.63, indicating that the company had $1.63 of debt for every dollar of equity. By December 31, 2021, the ratio increased to 1.72, suggesting a higher level of financial leverage. In 2022 and 2023, the ratio slightly decreased to 1.69 and then increased again to 1.73 by December 31, 2023. However, by December 31, 2024, the ratio decreased to 1.61, indicating a lower level of financial leverage compared to the previous years. Overall, the financial leverage ratio of Healthcare Services Group Inc has shown some variability, which may imply fluctuations in the company's debt levels relative to its equity over the years.