National HealthCare Corporation (NHC)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,310,800 | 1,281,910 | 1,280,680 | 1,265,350 | 1,275,450 | 1,295,560 | 1,350,470 | 1,357,010 | 1,403,400 | 1,415,800 | 1,457,370 | 1,355,310 | 1,362,130 | 1,338,780 | 1,335,240 | 1,256,310 | 1,286,650 | 1,307,230 | 1,314,620 | 1,312,300 |
| 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 |
| Financial leverage ratio | 1.44 | 1.45 | 1.45 | 1.44 | 1.46 | 1.48 | 1.50 | 1.50 | 1.55 | 1.58 | 1.61 | 1.68 | 1.71 | 1.73 | 1.74 | 1.69 | 1.65 | 1.69 | 1.73 | 1.75 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,310,800K ÷ $908,752K
= 1.44
The financial leverage ratio of National Healthcare Corp. has been relatively stable over the past eight quarters, ranging from 1.44 to 1.50. This indicates that the company relies moderately on debt to finance its operations and investments. A ratio above 1 suggests that the company has more debt than equity in its capital structure.
The slight fluctuations in the financial leverage ratio suggest that the company has been able to maintain a consistent level of debt relative to its equity over time. However, it is important to monitor these fluctuations and trends in the ratio to ensure that the company's debt levels are manageable and sustainable in the long term.
Overall, based on the financial leverage ratio data, National Healthcare Corp. appears to have a reasonable level of leverage, but investors and stakeholders should continue to monitor the company's debt levels and financial health to ensure its long-term stability.
Peer comparison
Dec 31, 2023