HealthStream Inc (HSTM)

Debt-to-capital 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	359,355	355,481	349,214	344,854	340,752	342,246	340,619	336,039	334,064	330,282	326,732	322,572	339,019	342,198	340,379	336,805	334,062	336,265	339,424	335,416
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

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $359,355K)
= 0.00

HealthStream Inc has consistently maintained a debt-to-capital ratio of 0.00 over the past several quarters, indicating that the company has not relied on debt to finance its operations or investments. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily equity-based, which can be viewed positively by investors and creditors as it signifies lower financial risk and potential for greater financial stability. It also implies that HealthStream Inc may have a strong balance sheet and sufficient internal resources to support its growth and business activities without the need for significant external borrowing. However, while a low debt-to-capital ratio may be advantageous in terms of financial risk, it is important to consider other financial metrics and performance indicators to gain a comprehensive understanding of the company's overall financial health and performance.