Cross Country Healthcare Inc (CCRN)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	0	150,675	181,762	55,834	70,974
Total assets	US$ in thousands	679,317	947,839	732,809	356,973	382,374
Debt-to-assets ratio		0.00	0.16	0.25	0.16	0.19

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $679,317K
= 0.00

The debt-to-assets ratio of Cross Country Healthcares, Inc. has shown a decreasing trend over the past five years. The ratio was at its lowest in 2023, at 0.00, indicating that the company had no debt relative to its assets. This could suggest that the company either paid off its debt entirely or significantly reduced its debt levels compared to the previous years.

In 2022, the ratio was 0.16, indicating that 16% of the company's assets were financed through debt. There was a notable decrease from the previous year's ratio of 0.25, suggesting a positive trend towards reducing debt dependency.

In 2021 and 2019, the debt-to-assets ratio was at 0.25 and 0.19, respectively. These ratios indicate that the company utilized debt financing to a higher extent in those years compared to 2022 and 2023. However, the ratio in 2020 was back down to 0.16, similar to the level observed in 2022.

Overall, the decreasing trend in the debt-to-assets ratio for Cross Country Healthcares, Inc. signifies a potential improvement in the company's financial health and risk management. By reducing debt levels relative to assets, the company may be decreasing its financial risk and enhancing its ability to withstand economic challenges.