AMN Healthcare Services Inc (AMN)
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 | 1,304,690 | 843,505 | 842,322 | 857,961 | 617,159 |
| Total assets | US$ in thousands | 2,924,390 | 2,888,350 | 3,131,910 | 2,353,510 | 1,931,650 |
| Debt-to-assets ratio | 0.45 | 0.29 | 0.27 | 0.36 | 0.32 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,304,690K ÷ $2,924,390K
= 0.45
The debt-to-assets ratio for AMN Healthcare Services Inc. has shown fluctuations over the past five years, ranging from 0.27 to 0.45. In 2023, the ratio increased to 0.45 from 0.29 in 2022, indicating that the company relied more on debt to finance its assets relative to the prior year. This may suggest a shift towards a higher level of leverage in the company's capital structure. However, compared to 2021 and 2019 when the ratio was 0.27 and 0.32 respectively, the current ratio still remains higher.
It is important to note that a higher debt-to-assets ratio indicates a greater proportion of assets being financed by debt, which can potentially lead to higher financial risk due to increased interest payments and debt obligations. On the other hand, a lower ratio implies a lower reliance on debt for asset financing, indicating a stronger financial position and greater capacity to weather economic uncertainties.
Further analysis of the company's overall financial health, industry benchmarks, and strategic objectives would be beneficial to fully assess the implications of the observed changes in the debt-to-assets ratio for AMN Healthcare Services Inc.
Peer comparison
Dec 31, 2023