National HealthCare Corporation (NHC)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 129,500 | 0 | — | — | — |
| Total assets | US$ in thousands | 1,524,430 | 1,310,800 | 1,275,450 | 1,403,400 | 1,362,130 |
| Debt-to-assets ratio | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $129,500K ÷ $1,524,430K
= 0.08
The debt-to-assets ratio for National HealthCare Corporation remained at 0.00 from December 31, 2020, to December 31, 2023, indicating a conservative financial position with no debt relative to its total assets during those years. However, there was a slight increase in the ratio to 0.08 as of December 31, 2024, which suggests that the company took on some debt compared to its total assets. This increase could be a result of borrowing to fund expansion or other strategic initiatives. It is important for stakeholders to monitor this ratio to assess the company's leverage and financial risk over time.
Peer comparison
Dec 31, 2024