AMN Healthcare Services Inc (AMN)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,415,730 | 2,667,820 | 2,771,330 | 2,873,600 | 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 | 2,371,060 | 2,460,130 |
| Total stockholders’ equity | US$ in thousands | 706,620 | 890,665 | 876,859 | 854,191 | 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 |
| Financial leverage ratio | 3.42 | 3.00 | 3.16 | 3.36 | 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 | 3.05 | 3.28 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,415,730K ÷ $706,620K
= 3.42
The financial leverage ratio of AMN Healthcare Services Inc has exhibited fluctuations over the past few years. Starting from 3.28 in March 2020, the ratio decreased to 2.87 by December 2020, indicating a reduction in the company's reliance on debt to finance its operations. Subsequently, the ratio slightly increased to 2.96 in March 2021 before declining to 2.60 by September 2021.
From December 2021 to September 2022, the financial leverage ratio saw some volatility, fluctuating between 2.70 and 2.66. However, by June 2023, the ratio increased to its highest point at 3.45, signifying a higher level of debt used in the company's capital structure. This increase was followed by a moderate decline to 3.00 by September 2024.
Overall, the financial leverage ratio of AMN Healthcare Services Inc has demonstrated variability but generally trended downwards from the initial peak in 2020. It is important for investors and stakeholders to closely monitor these fluctuations to assess the company's risk profile and financial stability.
Peer comparison
Dec 31, 2024