Healthcare Services Group Inc (HCSG)

Solvency ratios

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
Debt-to-assets 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
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
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
Financial leverage ratio 1.61 1.65 1.70 1.69 1.76 1.70 1.69 1.63 1.69 1.71 1.69 1.67 1.72 1.65 1.68 1.59 1.63 1.62 1.64 1.67

Healthcare Services Group Inc has consistently maintained a strong solvency position as indicated by its debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio, all of which have remained at 0.00 over the past several years. This suggests that the company has minimal financial leverage and is not heavily reliant on debt to finance its operations.

On the other hand, the financial leverage ratio has shown some variability over the years, fluctuating between 1.59 and 1.76. This ratio measures the extent to which the company is using debt to fund its assets relative to its equity. Despite the fluctuations, the financial leverage ratio has generally remained around the 1.6 to 1.7 range, indicating a moderate level of financial leverage.

Overall, Healthcare Services Group Inc's solvency ratios reflect a conservative approach to financing, with a strong emphasis on equity financing rather than excessive debt. This prudent financial structure enhances the company's financial stability and reduces its risk of financial distress, positioning it well for long-term sustainability.


Coverage ratios

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
Interest coverage 9.22 10.45 6.49 8.01 7.58 6.78 9.53 11.75 16.09 13.42 23.70 29.83 45.37 72.48 92.33 100.23 95.02 62.89 46.09 37.08

The interest coverage ratio for Healthcare Services Group Inc has exhibited fluctuations over the periods provided. Starting at a robust level of 37.08 for March 31, 2020, the ratio improved steadily, reaching a peak of 100.23 on March 31, 2021. Subsequently, the ratio began to decline, dropping to 6.78 on September 30, 2023, before recovering slightly to 10.45 on September 30, 2024. This trend suggests that the company's ability to meet its interest obligations out of operating income has varied, possibly due to changes in profitability or interest expenses. Investors and creditors may monitor this ratio closely to assess the company's financial health and risk levels associated with its debt obligations.