National HealthCare Corporation (NHC)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 | 0.02 | 0.04 | 0.04 |
| Debt-to-capital 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 |
| 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 |
| 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 |
National Healthcare Corp. has consistently maintained a very healthy solvency position, as indicated by its solvency ratios. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have been at very low levels, ranging from 0.00 to 0.01 across all quarters in 2022 and 2023, suggesting that the company relies minimally on debt to finance its operations and investments.
Additionally, the financial leverage ratio has remained relatively stable around the range of 1.44 to 1.50, indicating that the company's assets are financed predominantly by equity rather than debt. This reflects a strong financial position and a low level of financial risk for National Healthcare Corp., as it has a higher proportion of equity in its capital structure compared to debt. In conclusion, the company demonstrates a solid solvency position with low debt levels and well-balanced financial leverage.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 279.54 | 162.41 | 99.79 | 52.10 | 53.75 | 67.26 | 55.96 | 185.79 | 177.97 | 184.10 | 188.89 | 96.27 | 38.39 | 21.50 | 21.30 | 9.82 | 29.15 | 26.63 | 24.14 | 25.28 |
I'm sorry, but without specific data for National Healthcare Corp.'s interest coverage ratio provided in the table, I am unable to provide a detailed analysis of its interest coverage trend over the specified periods. Interest coverage ratio is a key financial metric that indicates a company's ability to meet its interest obligations from its operating income. It is calculated by dividing the operating income by the total interest expense incurred.
Should you be able to provide the necessary data, I would be more than happy to assist you in analyzing the company's interest coverage performance and its implications for financial health and risk management.