National Health Investors annual debt-to-equity ratio
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2025
National Health Investors Debt-to-Equity Ratio Growth & History (NHI)
National Health Investors's debt-to-equity ratio was 0.77 for fiscal 2025.
View full National Health Investors company overviewNational Health Investors annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.77 | −0.07 | −8.80% |
| 2024 | 2024-12-31 | 0.84 | −0.07 | −7.35% |
| 2023 | 2023-12-31 | 0.91 | 0.00 | +0.20% |
| 2022 | 2022-12-31 | 0.90 | 0.08 | +9.71% |
| 2021 | 2021-12-31 | 0.82 | −0.17 | −16.82% |
| 2020 | 2020-12-31 | 0.99 | 0.03 | +3.08% |
| 2019 | 2019-12-31 | 0.96 | 0.04 | +4.29% |
| 2018 | 2018-12-31 | 0.92 | 0.06 | +6.45% |
| 2017 | 2017-12-31 | 0.87 | −0.06 | −6.09% |
| 2016 | 2016-12-31 | 0.92 | 0.12 | +14.34% |
| 2015 | 2015-12-31 | 0.81 | −0.02 | −2.74% |
| 2014 | 2014-12-31 | 0.83 | 0.02 | +3.05% |
| 2013 | 2013-12-31 | 0.81 | 0.36 | +81.08% |
| 2012 | 2012-12-31 | 0.44 | 0.23 | +102.63% |
| 2011 | 2011-12-31 | 0.22 | — | — |
National Health Investors quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.81 | 0.06 | +7.58% |
| Q1 2026 | 2026-03-31 | 0.84 | −0.05 | −5.33% |
| Q4 2025 | 2025-12-31 | 0.77 | −0.07 | −8.80% |
| Q3 2025 | 2025-09-30 | 0.75 | −0.18 | −19.00% |
| Q2 2025 | 2025-06-30 | 0.76 | −0.16 | −17.17% |
| Q1 2025 | 2025-03-31 | 0.89 | −0.03 | −3.01% |
| Q4 2024 | 2024-12-31 | 0.84 | −0.07 | −7.35% |
| Q3 2024 | 2024-09-30 | 0.92 | 0.02 | +1.81% |
| Q2 2024 | 2024-06-30 | 0.91 | 0.02 | +2.08% |
| Q1 2024 | 2024-03-31 | 0.91 | −0.01 | −1.61% |
| Q4 2023 | 2023-12-31 | 0.91 | 0.00 | +0.20% |
| Q3 2023 | 2023-09-30 | 0.91 | 0.05 | +6.41% |
| Q2 2023 | 2023-06-30 | 0.89 | 0.10 | +12.72% |
| Q1 2023 | 2023-03-31 | 0.93 | 0.08 | +9.89% |
| Q4 2022 | 2022-12-31 | 0.90 | 0.08 | +9.71% |
| Q3 2022 | 2022-09-30 | 0.85 | — | — |
| Q2 2022 | 2022-06-30 | 0.79 | — | — |
| Q1 2022 | 2022-03-31 | 0.84 | — | — |
| Q4 2021 | 2021-12-31 | 0.82 | −0.17 | −16.82% |
| Q4 2020 | 2020-12-31 | 0.99 | 0.03 | +3.08% |
| Q4 2019 | 2019-12-31 | 0.96 | 0.04 | +4.29% |
| Q3 2019 | 2019-09-30 | 0.99 | 0.10 | +10.75% |
| Q2 2019 | 2019-06-30 | 1.04 | 0.14 | +15.20% |
| Q1 2019 | 2019-03-31 | 0.91 | 0.03 | +3.41% |
| Q4 2018 | 2018-12-31 | 0.92 | 0.06 | +6.45% |
| Q3 2018 | 2018-09-30 | 0.89 | 0.06 | +6.92% |
| Q2 2018 | 2018-06-30 | 0.90 | 0.01 | +1.16% |
| Q1 2018 | 2018-03-31 | 0.88 | −0.01 | −1.23% |
| Q4 2017 | 2017-12-31 | 0.87 | −0.06 | −6.09% |
| Q3 2017 | 2017-09-30 | 0.84 | −0.06 | −6.97% |
| Q2 2017 | 2017-06-30 | 0.89 | −0.03 | −2.97% |
| Q1 2017 | 2017-03-31 | 0.89 | 0.06 | +7.37% |
| Q4 2016 | 2016-12-31 | 0.92 | 0.12 | +14.34% |
| Q3 2016 | 2016-09-30 | 0.90 | −0.08 | −7.73% |
| Q2 2016 | 2016-06-30 | 0.92 | 0.06 | +6.48% |
| Q1 2016 | 2016-03-31 | 0.83 | −0.04 | −4.47% |
| Q4 2015 | 2015-12-31 | 0.81 | −0.02 | −2.74% |
| Q3 2015 | 2015-09-30 | 0.98 | 0.14 | +17.31% |
| Q2 2015 | 2015-06-30 | 0.86 | 0.03 | +3.97% |
| Q1 2015 | 2015-03-31 | 0.87 | 0.05 | +6.59% |
| Q4 2014 | 2014-12-31 | 0.83 | 0.02 | +3.05% |
| Q3 2014 | 2014-09-30 | 0.83 | 0.02 | +1.88% |
| Q2 2014 | 2014-06-30 | 0.83 | −0.02 | −1.84% |
| Q1 2014 | 2014-03-31 | 0.81 | 0.37 | +83.25% |
| Q4 2013 | 2013-12-31 | 0.81 | 0.36 | +81.08% |
| Q3 2013 | 2013-09-30 | 0.82 | 0.37 | +84.57% |
| Q2 2013 | 2013-06-30 | 0.84 | — | — |
| Q1 2013 | 2013-03-31 | 0.44 | — | — |
| Q4 2012 | 2012-12-31 | 0.44 | 0.23 | +102.63% |
| Q3 2012 | 2012-09-30 | 0.44 | — | — |
| Q4 2011 | 2011-12-31 | 0.22 | — | — |
National Health Investors debt-to-equity ratio trends
Over the last five fiscal years, National Health Investors's debt-to-equity ratio decreased from 0.99 to 0.77, a change of −0.23. The latest reported quarter, Q2 2026, shows 0.81.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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