Cross Country Healthcare Inc (CCRN)

Debt-to-equity 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-equity ratio		0.00	0.00	0.07	0.31	0.33	0.31	0.51	0.63	0.61	0.47	0.60	0.00	0.36	0.00	0.00	0.00	0.44	0.43	0.43	0.35

December 31, 2023 calculation

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

Cross Country Healthcares, Inc.'s debt-to-equity ratio has shown fluctuations over the past eight quarters. In Q1 2022, the company had a debt-to-equity ratio of 0.62, indicating a higher level of debt relative to equity. This ratio decreased in subsequent quarters, reaching its lowest point of 0.00 in Q4 2023 and Q3 2023, suggesting either a reduction in debt levels or an increase in equity.

The trend showed a significant improvement from Q1 2023 to Q2 2023, with the ratio decreasing from 0.31 to 0.07, implying a strengthening financial position with lower debt reliance. However, the ratio spiked again in Q4 2022, indicating a temporary increase in debt relative to equity.

Overall, the decreasing trend in the debt-to-equity ratio from Q1 2022 to Q3 2023 reflects a positive development towards a less leveraged capital structure for Cross Country Healthcares, Inc. This can indicate improved financial stability and lower financial risk for the company. However, it is essential to monitor future trends to ensure sustainable financial performance and optimal capital structure management.