Amedisys Inc (AMED)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	361,900	419,400	432,100	204,500	232,256
Total assets	US$ in thousands	2,060,170	1,976,240	1,856,970	1,567,200	1,262,740
Debt-to-assets ratio		0.18	0.21	0.23	0.13	0.18

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $361,900K ÷ $2,060,170K
= 0.18

Amedisys Inc.'s debt-to-assets ratio has exhibited some fluctuations over the past five years. The ratio decreased from 0.19 in 2019 to 0.14 in 2020, indicating a lower level of debt relative to its total assets. However, in 2021, the ratio increased to 0.24 before declining to 0.22 in 2022 and further to 0.19 in 2023.

The decrease in the debt-to-assets ratio from 2021 to 2023 suggests a reduction in the proportion of debt in relation to the company's total assets over this period. This could signify improved financial stability and a lower reliance on debt financing for Amedisys Inc. It is important to monitor future trends in the debt-to-assets ratio to assess the company's long-term financial health and its ability to manage debt effectively.