AMN Healthcare Services Inc (AMN)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 3.42 | 3.52 | 2.77 | 2.70 | 2.87 |
AMN Healthcare Services Inc has consistently maintained a strong solvency position, as indicated by its debt-related ratios. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been reported as 0.00 from 2020 to 2024. This signifies that the company has not utilized debt financing to fund its operations and investments, resulting in a debt-free balance sheet over the period.
In terms of the Financial leverage ratio, there has been a slight increase from 2.87 in 2020 to 3.42 in 2024. This indicates that the company's reliance on debt has incrementally risen over the years, but it is still relatively low compared to its equity. Despite the uptick in financial leverage, AMN Healthcare Services Inc's solvency position remains robust, with ample capacity to meet its financial obligations and invest in growth opportunities without being heavily leveraged.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 0.00 | 6.25 | 16.02 | 14.03 | 2.59 |
Based on the provided data, the interest coverage ratio of AMN Healthcare Services Inc has shown variability over the years. As of December 31, 2020, the company had an interest coverage ratio of 2.59, indicating that the company's operating income was able to cover its interest expense approximately 2.59 times. This ratio improved significantly by December 31, 2021, reaching 14.03, signaling a strong ability to meet its interest obligations.
The trend continued to show positive performance in the following years, with the interest coverage ratio reaching 16.02 by December 31, 2022, reflecting a further increase in the company's ability to cover its interest payments comfortably. However, by December 31, 2023, the ratio dropped to 6.25, suggesting a slight decrease in the company's ability to cover its interest expenses compared to the previous year.
The data shows a significant deviation as of December 31, 2024, where the interest coverage ratio is indicated as 0.00. This zero value could signify that the company's operating income was not sufficient to cover its interest payments, which could raise concerns about the company's financial health and its ability to meet its debt obligations.
Overall, while the interest coverage ratio of AMN Healthcare Services Inc has shown some fluctuations over the years, it is essential for investors and stakeholders to monitor the company's ability to generate sufficient income to cover its interest expenses consistently to ensure financial stability and sustainability.