AMN Healthcare Services Inc (AMN)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total assets	US$ in thousands	2,415,730	2,924,390	2,888,350	3,131,910	2,353,510
Total stockholders’ equity	US$ in thousands	706,620	831,256	1,043,630	1,162,030	819,677
Financial leverage ratio		3.42	3.52	2.77	2.70	2.87

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,415,730K ÷ $706,620K
= 3.42

The financial leverage ratio for AMN Healthcare Services Inc has shown fluctuations over the years. It decreased from 2.87 in 2020 to 2.70 in 2021, indicating a lower reliance on debt to finance its operations. However, the ratio increased to 2.77 in 2022, before experiencing a significant spike to 3.52 in 2023. This sharp increase suggests a higher level of debt relative to equity, raising concerns about the company's financial risk and stability. In 2024, the ratio slightly decreased to 3.42, but it still indicates a relatively high financial leverage. Overall, the trend in the financial leverage ratio signals varying levels of debt utilization by AMN Healthcare Services Inc, which may impact its financial health and ability to weather economic challenges.