National HealthCare Corporation
National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. It operates through two segments: Inpatient and Homecare and Hospice Services. The company's skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, … Read more
National HealthCare Corporation (NHC) - Net Assets
Latest net assets as of September 2025: $1.06 Billion USD
Based on the latest financial reports, National HealthCare Corporation (NHC) has net assets worth $1.06 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.57 Billion) and total liabilities ($513.91 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.06 Billion |
| % of Total Assets | 67.31% |
| Annual Growth Rate | 8.7% |
| 5-Year Change | 23.16% |
| 10-Year Change | 55.81% |
| Growth Volatility | 21.95 |
National HealthCare Corporation - Net Assets Trend (1991–2024)
This chart illustrates how National HealthCare Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for National HealthCare Corporation (1991–2024)
The table below shows the annual net assets of National HealthCare Corporation from 1991 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $983.16 Million | +7.98% |
| 2023-12-31 | $910.48 Million | +3.76% |
| 2022-12-31 | $877.51 Million | -3.41% |
| 2021-12-31 | $908.46 Million | +13.81% |
| 2020-12-31 | $798.26 Million | +2.46% |
| 2019-12-31 | $779.07 Million | +6.24% |
| 2018-12-31 | $733.28 Million | +4.35% |
| 2017-12-31 | $702.74 Million | +4.95% |
| 2016-12-31 | $669.61 Million | +6.12% |
| 2015-12-31 | $631.00 Million | -14.05% |
| 2014-12-31 | $734.15 Million | +6.69% |
| 2013-12-31 | $688.11 Million | +4.31% |
| 2012-12-31 | $659.67 Million | +7.84% |
| 2011-12-31 | $611.74 Million | +9.02% |
| 2010-12-31 | $561.15 Million | +6.73% |
| 2009-12-31 | $525.78 Million | +9.35% |
| 2008-12-31 | $480.82 Million | +5.51% |
| 2007-12-31 | $455.71 Million | +82.91% |
| 2006-12-31 | $249.14 Million | +21.98% |
| 2005-12-31 | $204.24 Million | +11.47% |
| 2004-12-31 | $183.22 Million | +20.67% |
| 2003-12-31 | $151.84 Million | +25.60% |
| 2002-12-31 | $120.89 Million | +25.83% |
| 2001-12-31 | $96.08 Million | +38.17% |
| 2000-12-31 | $69.53 Million | +29.64% |
| 1999-12-31 | $53.64 Million | +5.17% |
| 1998-12-31 | $51.00 Million | +32.47% |
| 1997-12-31 | $38.50 Million | -70.22% |
| 1996-12-31 | $129.30 Million | +17.87% |
| 1995-12-31 | $109.70 Million | +7.76% |
| 1994-12-31 | $101.80 Million | +9.11% |
| 1993-12-31 | $93.30 Million | +36.01% |
| 1992-12-31 | $68.60 Million | +9.58% |
| 1991-12-31 | $62.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to National HealthCare Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 75219300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $752.19 Million | 76.74% |
| Common Stock | $154.00K | 0.02% |
| Other Comprehensive Income | $-4.72 Million | -0.48% |
| Other Components | $232.53 Million | 23.72% |
| Total Equity | $980.16 Million | 100.00% |
National HealthCare Corporation Competitors by Market Cap
The table below lists competitors of National HealthCare Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Japan Petroleum Exploration Co. Ltd
F:JP9
|
$1.96 Billion |
|
Randstad NV
AS:RAND
|
$1.97 Billion |
|
Circuit Fabology Microelectronics Equipment Co. Ltd. A
SHG:688630
|
$1.97 Billion |
|
P/F Bakkafrost
PINK:BKFKF
|
$1.97 Billion |
|
Intouch Holdings Public Company Limited
BK:INTUCH
|
$1.96 Billion |
|
Chung-Hsin Electric & Machinery Mfg Corp
TW:1513
|
$1.96 Billion |
|
Jiangxi Hongdu Aviation Industry Co Ltd
SHG:600316
|
$1.96 Billion |
|
Shanghai AtHub Co Ltd
SHG:603881
|
$1.96 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in National HealthCare Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 908,752,000 to 980,161,000, a change of 71,409,000 (7.9%).
- Net income of 101,927,000 contributed positively to equity growth.
- Dividend payments of 36,964,000 reduced retained earnings.
- Share repurchases of 13,502,000 reduced equity.
- New share issuances of 14,268,000 increased equity.
- Other comprehensive income increased equity by 1,888,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $101.93 Million | +10.4% |
| Dividends Paid | $36.96 Million | -3.77% |
| Share Repurchases | $13.50 Million | -1.38% |
| Share Issuances | $14.27 Million | +1.46% |
| Other Comprehensive Income | $1.89 Million | +0.19% |
| Other Changes | $3.79 Million | +0.39% |
| Total Change | $- | 7.86% |
Book Value vs Market Value Analysis
This analysis compares National HealthCare Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.59x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 19.02x to 2.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | $8.55 | $162.67 | x |
| 1992-12-31 | $8.79 | $162.67 | x |
| 1993-12-31 | $9.96 | $162.67 | x |
| 1994-12-31 | $11.43 | $162.67 | x |
| 1995-12-31 | $11.97 | $162.67 | x |
| 1996-12-31 | $13.03 | $162.67 | x |
| 1997-12-31 | $3.65 | $162.67 | x |
| 1998-12-31 | $4.52 | $162.67 | x |
| 1999-12-31 | $4.70 | $162.67 | x |
| 2000-12-31 | $6.06 | $162.67 | x |
| 2001-12-31 | $8.22 | $162.67 | x |
| 2002-12-31 | $10.03 | $162.67 | x |
| 2003-12-31 | $12.52 | $162.67 | x |
| 2004-12-31 | $14.83 | $162.67 | x |
| 2005-12-31 | $15.88 | $162.67 | x |
| 2006-12-31 | $19.33 | $162.67 | x |
| 2007-12-31 | $35.07 | $162.67 | x |
| 2008-12-31 | $36.61 | $162.67 | x |
| 2009-12-31 | $38.72 | $162.67 | x |
| 2010-12-31 | $41.03 | $162.67 | x |
| 2011-12-31 | $37.27 | $162.67 | x |
| 2012-12-31 | $39.74 | $162.67 | x |
| 2013-12-31 | $41.21 | $162.67 | x |
| 2014-12-31 | $51.62 | $162.67 | x |
| 2015-12-31 | $43.54 | $162.67 | x |
| 2016-12-31 | $44.03 | $162.67 | x |
| 2017-12-31 | $46.18 | $162.67 | x |
| 2018-12-31 | $48.13 | $162.67 | x |
| 2019-12-31 | $50.69 | $162.67 | x |
| 2020-12-31 | $51.74 | $162.67 | x |
| 2021-12-31 | $58.57 | $162.67 | x |
| 2022-12-31 | $56.60 | $162.67 | x |
| 2023-12-31 | $59.10 | $162.67 | x |
| 2024-12-31 | $62.84 | $162.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently National HealthCare Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.40%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.85%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 1.56x
- Recent ROE (10.40%) is below the historical average (14.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 28.64% | 9.59% | 0.68x | 4.42x | $11.52 Million |
| 1992 | 13.99% | 4.39% | 0.71x | 4.48x | $2.71 Million |
| 1993 | 40.65% | 13.93% | 0.78x | 3.73x | $28.35 Million |
| 1994 | 15.74% | 5.32% | 0.75x | 3.92x | $5.80 Million |
| 1995 | 19.38% | 6.04% | 0.98x | 3.26x | $10.21 Million |
| 1996 | 22.80% | 7.58% | 0.95x | 3.15x | $16.45 Million |
| 1997 | 98.14% | 7.98% | 2.01x | 6.11x | $33.23 Million |
| 1998 | -12.72% | -1.45% | 1.77x | 4.96x | $-11.43 Million |
| 1999 | 15.63% | 1.90% | 1.83x | 4.48x | $3.02 Million |
| 2000 | 14.69% | 2.21% | 1.69x | 3.93x | $3.26 Million |
| 2001 | 13.74% | 3.14% | 1.43x | 3.05x | $3.59 Million |
| 2002 | 13.68% | 3.59% | 1.50x | 2.54x | $4.42 Million |
| 2003 | 13.21% | 4.22% | 1.34x | 2.33x | $4.85 Million |
| 2004 | 13.15% | 4.59% | 1.40x | 2.05x | $5.74 Million |
| 2005 | 14.10% | 5.28% | 1.32x | 2.02x | $8.33 Million |
| 2006 | 14.75% | 6.53% | 1.19x | 1.89x | $11.83 Million |
| 2007 | 9.97% | 7.60% | 0.86x | 1.53x | $-121.80K |
| 2008 | 7.56% | 5.74% | 0.81x | 1.62x | $-11.71 Million |
| 2009 | 7.62% | 5.99% | 0.85x | 1.50x | $-12.53 Million |
| 2010 | 9.39% | 7.31% | 0.87x | 1.48x | $-3.42 Million |
| 2011 | 10.62% | 8.40% | 0.89x | 1.42x | $3.82 Million |
| 2012 | 8.99% | 7.79% | 0.83x | 1.39x | $-6.67 Million |
| 2013 | 9.39% | 8.19% | 0.80x | 1.43x | $-4.20 Million |
| 2014 | 7.27% | 6.12% | 0.81x | 1.46x | $-20.05 Million |
| 2015 | 8.42% | 5.86% | 0.87x | 1.66x | $-9.96 Million |
| 2016 | 7.55% | 5.47% | 0.85x | 1.62x | $-16.42 Million |
| 2017 | 8.00% | 5.83% | 0.88x | 1.56x | $-14.07 Million |
| 2018 | 8.04% | 6.01% | 0.91x | 1.47x | $-14.36 Million |
| 2019 | 8.76% | 6.85% | 0.77x | 1.65x | $-9.65 Million |
| 2020 | 5.27% | 4.27% | 0.72x | 1.71x | $-37.65 Million |
| 2021 | 15.35% | 13.71% | 0.72x | 1.55x | $48.29 Million |
| 2022 | 2.57% | 2.09% | 0.84x | 1.46x | $-64.98 Million |
| 2023 | 7.35% | 5.85% | 0.87x | 1.44x | $-24.08 Million |
| 2024 | 10.40% | 7.85% | 0.85x | 1.56x | $3.91 Million |
Industry Comparison
This section compares National HealthCare Corporation's net assets metrics with peer companies in the Medical Care Facilities industry.
Industry Context
- Industry: Medical Care Facilities
- Average net assets among peers: $250,407,165
- Average return on equity (ROE) among peers: -38.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| National HealthCare Corporation (NHC) | $1.06 Billion | 28.64% | 0.49x | $1.96 Billion |
| Addus HomeCare Corporation (ADUS) | $113.86 Million | 16.82% | 0.44x | $1.75 Billion |
| agilon health Inc (AGL) | $126.73 Million | -319.84% | 9.03x | $166.17 Million |
| Airsculpt Technologies Inc (AIRS) | $123.68 Million | 6.13% | 0.45x | $16.62 Million |
| Amedisys Inc (AMED) | $454.23 Million | -18.40% | 0.61x | $3.26 Billion |
| AMN Healthcare Services Inc (AMN) | $347.86 Million | 23.54% | 1.53x | $624.22 Million |
| American Shared Hospital Service (AMS) | $20.85 Million | 8.48% | 1.33x | $7.93 Million |
| American Oncology Network Inc. (AONC) | $226.04 Million | -0.05% | 0.10x | $112.23 Million |
| Ardent Health Partners, Inc. (ARDT) | $1.08 Billion | 4.65% | 3.71x | $225.22 Million |
| Arem Pacific Corporation (ARPC) | $-45.09K | 0.00% | 0.00x | $246.12K |
| Astrana Health Inc (ASTH) | $8.55 Million | -109.27% | 1.29x | $1.08 Billion |