Cross Country Healthcare Inc (CCRN)

Debt-to-capital ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	0	0	31,000	138,443	150,675	133,075	208,875	223,626	181,762	102,750	114,989	—	55,834	—	—	—	70,974	70,556	70,613	75,489
Total stockholders’ equity	US$ in thousands	473,393	469,661	470,348	451,930	457,219	422,709	410,811	356,073	297,528	216,799	191,597	173,140	154,375	148,410	148,647	160,757	162,632	162,893	163,961	215,316
Debt-to-capital ratio		0.00	0.00	0.06	0.23	0.25	0.24	0.34	0.39	0.38	0.32	0.38	0.00	0.27	0.00	0.00	0.00	0.30	0.30	0.30	0.26

December 31, 2023 calculation

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

The debt-to-capital ratio of Cross Country Healthcares, Inc. has shown some fluctuations over the past eight quarters. The ratio was consistently at a lower level of 0.00 in Q4 2023 and Q3 2023, indicating that the company had no debt relative to its total capital during those periods.

However, the ratio started to increase in Q2 2023 to 0.06 and further rose to 0.23 in Q1 2023, suggesting that the company began to rely more on debt financing compared to its capital structure. This trend continued from Q4 2022, where the ratio was 0.25, Q3 2022 (0.23), and Q2 2022 (0.33), hitting a peak of 0.38 in Q1 2022.

The increasing trend in the debt-to-capital ratio indicates that Cross Country Healthcares, Inc. may be taking on more debt relative to its total capital over time. This could potentially signal a shift in the company's strategy towards leveraging debt as a source of financing for its operations or growth initiatives. It is important for stakeholders to monitor this ratio closely to assess the company's solvency and financial risk management.