National HealthCare Corporation (NHC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 908,752 | 885,171 | 883,922 | 877,102 | 874,276 | 877,311 | 897,915 | 905,319 | 903,004 | 895,677 | 906,841 | 807,064 | 795,177 | 773,960 | 768,052 | 742,562 | 778,593 | 771,570 | 759,152 | 749,574 |
| 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 | 0.04 | 0.07 | 0.07 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $908,752K)
= 0.00
The debt-to-capital ratio of National Healthcare Corp. has been consistently low and stable over the past eight quarters, ranging from 0.00 to 0.01. This implies that the company has a very low level of debt relative to its capital structure. A low debt-to-capital ratio indicates that the company relies more on equity financing rather than debt financing to fund its operations and investments. This not only reflects a conservative financial strategy but also suggests lower financial risk and potential for financial distress. It appears that National Healthcare Corp. has been effectively managing its debt levels and maintaining a healthy capital structure.
Peer comparison
Dec 31, 2023