AMN Healthcare Services Inc (AMN)

Financial leverage 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
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
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
Financial leverage ratio		3.52	3.25	3.45	3.01	2.77	2.66	2.89	3.01	2.70	2.60	2.72	2.96	2.87	2.91	3.04	3.28	2.62	2.64	2.73	2.52

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,924,390K ÷ $831,256K
= 3.52

AMN Healthcare Services Inc.'s financial leverage ratio has been varying over the past eight quarters, ranging from 2.66 to 3.52. The ratio indicates the company's level of debt relative to its equity. The trend shows an overall increase in the financial leverage ratio over the quarters, reaching a peak of 3.52 in Q4 2023. This suggests that the company has been taking on more debt in relation to its equity, which could increase financial risk. However, further analysis and comparison with industry benchmarks would be required to fully assess the implications of this trend on the company's financial health and stability.