AMN Healthcare Services Inc (AMN)
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 | 1,304,690 | 939,393 | 1,034,100 | 983,801 | 843,505 | 843,210 | 842,914 | 842,618 | 842,322 | 842,027 | 841,731 | 896,435 | 857,961 | 894,533 | 956,106 | 1,083,910 | 617,159 | 611,899 | 662,610 | 470,798 |
| Total assets | US$ in thousands | 2,924,390 | 2,654,770 | 2,644,140 | 2,881,060 | 2,888,350 | 3,018,260 | 3,008,780 | 3,248,670 | 3,131,910 | 2,709,000 | 2,632,440 | 2,643,120 | 2,353,510 | 2,344,860 | 2,364,820 | 2,460,130 | 1,931,650 | 1,861,070 | 1,856,090 | 1,637,820 |
| Debt-to-assets ratio | 0.45 | 0.35 | 0.39 | 0.34 | 0.29 | 0.28 | 0.28 | 0.26 | 0.27 | 0.31 | 0.32 | 0.34 | 0.36 | 0.38 | 0.40 | 0.44 | 0.32 | 0.33 | 0.36 | 0.29 |
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 of AMN Healthcare Services Inc. has exhibited some fluctuations over the past eight quarters. The ratio has ranged from 0.26 to 0.45 during this period. In Q4 2023, the ratio increased to 0.45 from 0.35 in Q3 2023, indicating that the company's level of debt relative to its total assets has increased. This suggests that a larger proportion of the company's assets are financed through debt in Q4 2023 compared to the previous quarter.
Comparing the Q4 2023 ratio to the ratios of the same period in the previous years, it is higher than the ratios reported in Q4 2022 (0.29) and Q4 2021 (if not provided in the table). This trend indicates a potential trend of increasing leverage over the years, which might be a concern for investors and creditors as higher debt levels can pose risks to the company's financial health and stability.
It is important for stakeholders to closely monitor the debt-to-assets ratio of AMN Healthcare Services Inc. to assess the company's ability to meet its debt obligations and manage its financial leverage effectively.
Peer comparison
Dec 31, 2023