National HealthCare Corporation (NHC)
Debt-to-equity 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-equity ratio | 0.13 | 0.13 | 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-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 at 0.00 from March 2020 to June 2023, indicating that the company was not using any debt to finance its operations during this period. However, starting from September 2024, the debt-to-equity ratio increased to 0.13, suggesting that the company has started to use some debt alongside equity to fund its activities. This increase may indicate a shift in the company's capital structure towards a slightly higher reliance on debt financing. It is essential to monitor this trend in subsequent periods to assess the company's financial leverage and risk management strategies.
Peer comparison
Dec 31, 2024