AMN Healthcare Services Inc (AMN)

Debt-to-equity 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-equity ratio		1.57	1.15	1.35	1.03	0.81	0.74	0.81	0.78	0.72	0.81	0.87	1.00	1.05	1.11	1.23	1.45	0.84	0.87	0.97	0.72

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,304,690K ÷ $831,256K
= 1.57

The debt-to-equity ratio of AMN Healthcare Services Inc. has shown an upward trend over the past eight quarters, indicating an increase in the company's reliance on debt financing relative to equity. In Q4 2023, the ratio stood at 1.57, the highest level observed in the provided data. This suggests that the company had $1.57 in debt for every $1 of equity during that period.

The gradual rise in the debt-to-equity ratio from Q1 2022 (0.78) to Q4 2023 (1.57) may indicate a shift in the company's capital structure towards more debt financing. While a higher debt-to-equity ratio can potentially amplify returns for shareholders, it also exposes the company to increased financial risk, as higher debt levels typically result in higher interest payments and repayment obligations.

Overall, investors and stakeholders should closely monitor AMN Healthcare Services Inc.'s debt-to-equity ratio in the future quarters to assess the company's financial leverage and risk management strategies.