National HealthCare Corporation (NHC)
Debt-to-assets 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 | 129,500 | 129,500 | — | — | 0 | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 |
| Total assets | US$ in thousands | 1,524,430 | 1,562,710 | 1,339,700 | 1,319,640 | 1,310,800 | 1,281,910 | 1,280,680 | 1,265,350 | 1,275,450 | 1,295,560 | 1,350,470 | 1,357,010 | 1,403,400 | 1,415,800 | 1,457,370 | 1,355,310 | 1,362,130 | 1,338,780 | 1,335,240 | 1,256,310 |
| Debt-to-assets ratio | 0.08 | 0.08 | 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-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 March 31, 2020, to June 30, 2022. However, there was a slight increase to 0.08 as of September 30, 2024, and this ratio remained the same for December 31, 2024. A debt-to-assets ratio of 0.08 indicates that the company has a relatively low level of debt in relation to its total assets. This suggests that National HealthCare Corporation relies more on equity financing rather than debt to support its operations and investments. It also indicates a lower financial risk for the company as a lower debt-to-assets ratio implies a stronger financial position and potentially better ability to weather economic downturns.
Peer comparison
Dec 31, 2024