Cross Country Healthcare Inc (CCRN)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	473,393	457,219	297,528	154,375	162,632
Debt-to-capital ratio		0.00	0.25	0.38	0.27	0.30

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $473,393K)
= 0.00

Based on the provided data, the debt-to-capital ratio of Cross Country Healthcares, Inc. has shown fluctuations over the past five years. In 2023, the company reported a debt-to-capital ratio of 0.00, indicating that it had no debt relative to its capital structure. This could suggest a conservative financial approach or efficient management of capital resources.

In 2022, the debt-to-capital ratio increased to 0.25, implying that 25% of the company's capital was financed through debt. This rise could indicate a strategic decision to leverage debt to fund operations or investments. By the end of 2021, the ratio further increased to 0.38, possibly signaling a higher dependency on debt financing compared to the previous year.

However, in 2020, Cross Country Healthcares, Inc. managed to decrease its debt-to-capital ratio to 0.27, indicating a reduction in the proportion of debt financing relative to its overall capital structure. This improvement might reflect efforts to deleverage or strengthen the company's financial position.

The year 2019 saw a slight increase in the debt-to-capital ratio to 0.30, suggesting a moderate shift towards higher debt utilization compared to the previous year. Overall, the fluctuating trend in the debt-to-capital ratio of Cross Country Healthcares, Inc. highlights the dynamic nature of its capital structure management and the varying levels of reliance on debt financing over the years.