Cross Country Healthcare Inc (CCRN)

Based on the solvency ratios of Cross Country Healthcares, Inc. over the past five years, we can observe the following trends:

1. Debt-to-assets ratio: The company had a consistent decrease in its debt-to-assets ratio from 2019 to 2023, indicating that the proportion of assets financed by debt has been decreasing over time. As of 2023, the company shows a debt-free position in terms of its assets.

2. Debt-to-capital ratio: Similarly, the debt-to-capital ratio has shown a decreasing trend from 2019 to 2023, indicating that the proportion of capital financed by debt has been decreasing. The company has made efforts to reduce its reliance on debt capital to fund its operations.

3. Debt-to-equity ratio: The debt-to-equity ratio has also decreased steadily over the years, showing that the company's reliance on debt as a source of financing relative to its equity has declined. The company has been able to improve its financial structure by reducing its debt levels compared to equity.

4. Financial leverage ratio: The financial leverage ratio has been relatively stable over the years, hovering around the range of 2.07 to 2.46. Although there have been fluctuations, the ratio indicates the company's dependency on debt to finance its assets and operations. A lower ratio suggests less reliance on debt for financial support.

In conclusion, Cross Country Healthcares, Inc. has shown improvement in its solvency position over the years as reflected in decreasing debt ratios. The company has managed to reduce its reliance on debt for financing its operations and investments, which is a positive indicator of its financial stability and ability to meet its financial obligations.

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Coverage ratios

Cross Country Healthcares, Inc.'s interest coverage ratio has shown a positive trend over the past five years. The interest coverage ratio increased from 1.12 in 2019 to 14.47 in 2023. This demonstrates the company's improved ability to meet its interest obligations through operating earnings.

The significant improvement in the interest coverage ratio from 2019 to 2023 indicates that the company's earnings are increasingly sufficient to cover its interest expenses, providing a cushion for unexpected changes in its operating performance or interest rates.

The consistent increase in the interest coverage ratio from 2020 onwards suggests that Cross Country Healthcares, Inc. has been effectively managing its debt and generating more earnings relative to its interest obligations. This trend reflects positively on the company's financial health and ability to service its debt in a sustainable manner.