AMN Healthcare Services Inc (AMN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 831,256 | 817,169 | 766,297 | 955,774 | 1,043,630 | 1,132,630 | 1,039,340 | 1,080,930 | 1,162,030 | 1,042,480 | 966,382 | 894,060 | 819,677 | 807,073 | 777,406 | 749,080 | 736,742 | 705,104 | 680,440 | 649,986 |
| Debt-to-capital ratio | 0.61 | 0.53 | 0.57 | 0.51 | 0.45 | 0.43 | 0.45 | 0.44 | 0.42 | 0.45 | 0.47 | 0.50 | 0.51 | 0.53 | 0.55 | 0.59 | 0.46 | 0.46 | 0.49 | 0.42 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,304,690K ÷ ($1,304,690K + $831,256K)
= 0.61
The debt-to-capital ratio of AMN Healthcare Services Inc. has shown fluctuations over the past eight quarters, ranging from 0.43 to 0.61. In Q4 2023, the ratio increased to 0.61, indicating that debt financing now represents 61% of the company's capital structure, which is a significant rise from the previous quarter. This suggests that AMN Healthcare Services Inc. has taken on more debt relative to its total capital during this period.
It is important to note that a higher debt-to-capital ratio may imply increased financial risk for the company, as higher debt levels can lead to higher interest expenses and potential cash flow challenges. On the other hand, a lower ratio, such as in Q3 2022 when it was 0.43, may indicate a more conservative capital structure with lower reliance on debt financing.
Overall, fluctuations in the debt-to-capital ratio of AMN Healthcare Services Inc. reflect changes in the company's capital structure and its approach to financing operations and growth initiatives. It is essential for stakeholders to monitor this ratio and consider its implications on the company's financial health and risk profile.
Peer comparison
Dec 31, 2023