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.