Cross Country Healthcare Inc (CCRN)

Financial leverage 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
Total assets	US$ in thousands	679,317	707,739	771,130	920,541	947,839	882,512	938,961	916,434	732,809	520,420	493,638	442,353	356,973	357,838	352,201	386,979	382,374	393,991	396,968	441,435
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
Financial leverage ratio		1.43	1.51	1.64	2.04	2.07	2.09	2.29	2.57	2.46	2.40	2.58	2.55	2.31	2.41	2.37	2.41	2.35	2.42	2.42	2.05

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $679,317K ÷ $473,393K
= 1.43

Cross Country Healthcares, Inc.'s financial leverage ratio has shown a decreasing trend over the quarters, indicating an improvement in the company's ability to meet its financial obligations through equity rather than debt. The ratio decreased from 2.57 in Q1 2022 to 1.43 in Q4 2023, which suggests a reduction in financial risk and a stronger financial position. It is positive to see this downward trend as it indicates that the company is relying less on debt to finance its operations and investments, which can enhance its long-term sustainability and stability. It's essential for the company to continue monitoring and managing its leverage ratio to maintain a healthy balance between equity and debt financing.