Amedisys Inc (AMED)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 361,900 | 366,900 | 369,900 | 373,200 | 419,400 | 443,400 | 442,400 | 429,500 | 432,100 | 434,800 | 179,400 | 231,400 | 204,500 | 300,600 | 392,700 | 379,900 | 232,256 | 231,600 | 266,500 | 303,700 |
| Total assets | US$ in thousands | 2,060,170 | 2,027,420 | 1,982,400 | 1,946,960 | 1,976,240 | 1,982,130 | 2,000,990 | 1,908,390 | 1,856,970 | 1,937,640 | 1,599,560 | 1,573,210 | 1,567,200 | 1,602,720 | 1,645,490 | 1,440,080 | 1,262,740 | 1,212,380 | 1,205,860 | 1,184,240 |
| Debt-to-assets ratio | 0.18 | 0.18 | 0.19 | 0.19 | 0.21 | 0.22 | 0.22 | 0.23 | 0.23 | 0.22 | 0.11 | 0.15 | 0.13 | 0.19 | 0.24 | 0.26 | 0.18 | 0.19 | 0.22 | 0.26 |
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 been showing a decreasing trend over the past eight quarters, decreasing from 0.23 in Q1 2022 to 0.19 in Q4 2023. This indicates that the company has been relying less on debt to finance its assets relative to its total assets over the period analyzed. A lower debt-to-assets ratio is generally viewed positively as it suggests that the company has a lower level of debt compared to its total assets, which can be indicative of a healthier financial position and lower financial risk. The decreasing trend in the debt-to-assets ratio may suggest that Amedisys Inc. has been effectively managing its debt levels and/or increasing its asset base during the period. However, it is important to note that this ratio should be analyzed in conjunction with other financial metrics to get a comprehensive understanding of the company's financial health and leverage position.
Peer comparison
Dec 31, 2023