National HealthCare Corporation (NHC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 980,161 | 908,752 | 874,276 | 903,004 | 795,177 |
| Debt-to-capital ratio | 0.12 | 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)
= $129,500K ÷ ($129,500K + $980,161K)
= 0.12
Based on the provided data, the debt-to-capital ratio of National HealthCare Corporation has remained low and stable at 0.00 from December 31, 2020, to December 31, 2023. However, there was a slight increase to 0.12 as of December 31, 2024. This indicates that as of the most recent year, the company has started to utilize debt as a part of its capital structure, albeit at a relatively modest level compared to its total capital. It is important for stakeholders to monitor this ratio in the future to ensure that the company maintains a healthy balance between debt and equity in its financial structure.
Peer comparison
Dec 31, 2024