AMN Healthcare Services Inc (AMN)
Interest coverage
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | — | 338,429 | 647,101 | 477,998 | 149,265 |
| Interest expense | US$ in thousands | 69,901 | 54,140 | 40,398 | 34,077 | 57,742 |
| Interest coverage | 0.00 | 6.25 | 16.02 | 14.03 | 2.59 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $—K ÷ $69,901K
= 0.00
The interest coverage ratio of AMN Healthcare Services Inc has shown significant fluctuations over the years:
- In 2020, the interest coverage ratio was 2.59, indicating that the company earned 2.59 times the interest expense in that year.
- The ratio improved notably in 2021 to 14.03, reflecting a substantial increase in the ability of the company to cover its interest payments comfortably.
- By the end of 2022, the interest coverage ratio further increased to 16.02, highlighting a strong ability to meet interest obligations with operating income.
- However, in 2023, the ratio slightly decreased to 6.25, suggesting a dip in the company's ability to cover interest payments compared to the previous year.
- Lastly, the interest coverage ratio dropped to 0.00 in 2024, indicating that the company's operating income was insufficient to cover its interest expenses during that year, raising concerns about its financial stability.
Overall, the trend in the interest coverage ratio of AMN Healthcare Services Inc has been volatile, with significant improvements followed by a sudden deterioration. It is crucial for the company to closely monitor and manage its interest obligations to ensure sustainable financial health and stability.
Peer comparison
Dec 31, 2024