National HealthCare Corporation (NHC)
Debt-to-equity 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-equity ratio | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $129,500K ÷ $980,161K
= 0.13
The debt-to-equity ratio of National HealthCare Corporation has been consistently low from December 31, 2020, to December 31, 2023, standing at 0.00 each year. However, there was a noticeable increase to 0.13 on December 31, 2024. This uptick in the ratio suggests that the company may have taken on some debt relative to its equity in that particular year. A rising debt-to-equity ratio can indicate potential financial risk, as higher debt levels could lead to increased interest payments and financial obligations. It would be important for stakeholders to closely monitor this trend in the company's capital structure moving forward.
Peer comparison
Dec 31, 2024