National HealthCare Corporation (NHC)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $908,752K
= 0.00
The debt-to-equity ratio of National Healthcare Corp. has remained relatively stable at low levels over the past eight quarters, ranging from 0.00 to 0.01. This indicates that the company relies more on equity financing rather than debt to fund its operations and growth. A debt-to-equity ratio of 0.00 suggests that the company has no debt on its balance sheet relative to its equity, which is a positive sign in terms of financial stability and risk management. Overall, National Healthcare Corp. appears to maintain a conservative capital structure with minimal leverage, which may contribute to its financial health and resilience in the long term.
Peer comparison
Dec 31, 2023