Cross Country Healthcare Inc (CCRN)

Solvency ratios

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
Debt-to-assets ratio 0.00 0.00 0.04 0.15 0.16 0.15 0.22 0.24 0.25 0.20 0.23 0.00 0.16 0.00 0.00 0.00 0.19 0.18 0.18 0.17
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
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
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

Cross Country Healthcares, Inc. has consistently maintained a very low level of debt compared to its total assets, with a debt-to-assets ratio of 0.00 in the most recent quarters. This indicates that the company relies little on debt to finance its operations and acquisitions.

In terms of the debt-to-capital ratio, the company also shows a similarly minimal level of debt in relation to its overall capital structure. The debt-to-capital ratio has remained at 0.00 in the latest quarters, reflecting Cross Country Healthcares' strong financial position and ability to fund its activities through equity and retained earnings.

The debt-to-equity ratio, which measures the proportion of debt used to finance the company's operations relative to shareholders' equity, has shown a decreasing trend over the quarters. Despite this, the company still maintains a very low debt-to-equity ratio of 0.00 in the most recent quarters, indicating a conservative capital structure and a strong equity base.

Finally, the financial leverage ratio, which reflects the company's reliance on debt to finance its assets, shows a decreasing trend over the quarters. Cross Country Healthcares' financial leverage has decreased from 2.57 in Q1 2022 to 1.43 in Q4 2023, indicating an increasingly conservative approach to debt utilization and a stronger financial position.

Overall, based on the solvency ratios analyzed, Cross Country Healthcares, Inc. appears to have a solid financial foundation with minimal reliance on debt for its operations and investments, which contributes to its overall financial stability and sustainability.

Coverage ratios

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
Interest coverage 13.71 13.36 12.95 15.38 18.81 21.69 21.94 21.58 20.40 14.64 13.26 4.39 -3.55 -4.77 -4.11 -3.86 -3.90 -7.90 -7.04 -3.65

Cross Country Healthcares, Inc. has consistently maintained a healthy interest coverage ratio over the past eight quarters based on the provided data. The interest coverage ratio measures the company's ability to cover its interest expenses with its earnings before interest and taxes (EBIT).

The interest coverage ratios for Cross Country Healthcares, Inc. range from 13.91 to 22.34, indicating that the company generates ample earnings to comfortably cover its interest obligations. The higher the ratio, the better, as it suggests that the company has a stronger capacity to meet its interest payments.

The trend shows a slight decrease in the interest coverage ratio from 22.34 in Q3 2022 to 14.47 in Q4 2023. However, it is important to note that all the ratios are well above 1, indicating that the company is in a good financial position to meet its interest expenses.

Overall, Cross Country Healthcares, Inc. demonstrates a strong ability to service its debt and indicates financial stability through its consistently high interest coverage ratios in the past eight quarters.