Cross Country Healthcare Inc (CCRN)

Debt-to-equity 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-equity ratio		0.00	0.33	0.61	0.36	0.44

December 31, 2023 calculation

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

The debt-to-equity ratio of Cross Country Healthcares, Inc. has shown a decreasing trend over the past five years. In 2023, the company had a debt-to-equity ratio of 0.00, indicating that the company did not have any debt and relied solely on equity financing. This could imply a strong financial position and low financial risk.

In the previous years, the company's debt-to-equity ratio was 0.33 in 2022, 0.61 in 2021, 0.36 in 2020, and 0.44 in 2019. The decreasing trend suggests that the company has been reducing its reliance on debt to finance its operations and investments, while increasing its use of equity financing. This may indicate a more conservative financial strategy and improved financial stability.

Overall, the decreasing debt-to-equity ratio of Cross Country Healthcares, Inc. is a positive indicator, demonstrating a prudent approach to capital structure management and potentially reducing financial risk for the company.