National HealthCare Corporation (NHC)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 0 | 30,000 | 55,000 | 55,000 |
| Total assets | US$ in thousands | 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 | 1,286,650 | 1,307,230 | 1,314,620 | 1,312,300 |
| 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 | 0.02 | 0.04 | 0.04 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,310,800K
= 0.00
The debt-to-assets ratio of National Healthcare Corp. has remained consistently low and stable over the past eight quarters, with values consistently below 0.01. This indicates that the company has very little debt relative to its total assets. A low debt-to-assets ratio suggests that the company has a conservative capital structure and is not relying heavily on debt to finance its operations. It also indicates that the company has a strong asset base compared to its outstanding debt, which can be viewed positively by investors and creditors. However, it is important to note that a very low debt-to-assets ratio may also imply that the company is not leveraging debt effectively to potentially maximize returns for shareholders. Overall, National Healthcare Corp.'s consistently low debt-to-assets ratio reflects a prudent approach to financial management.
Peer comparison
Dec 31, 2023