National HealthCare Corporation (NHC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 980,161 | 983,468 | 945,817 | 924,748 | 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 |
| Debt-to-capital ratio | 0.12 | 0.12 | 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $129,500K ÷ ($129,500K + $980,161K)
= 0.12
The debt-to-capital ratio of National HealthCare Corporation has been consistently at 0.00 from March 31, 2020, to June 30, 2024. However, starting from September 30, 2024, the ratio increased to 0.12 and remained at this level as of December 31, 2024. This indicates that the company's reliance on debt to finance its operations relative to its total capital has slightly increased in the latter part of 2024. It is essential for investors and stakeholders to monitor this ratio in the future to assess the company's financial risk and leverage position.
Peer comparison
Dec 31, 2024