Mednax Inc (MD)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.81 | 2.61 | 2.63 | 3.04 | 4.48 |
Mednax Inc has consistently maintained a strong solvency position, as indicated by its low Debt-to-assets ratio, which remained at 0.00 for all years from 2020 to 2024. This suggests that the company has minimal debt in relation to its total assets, signifying a conservative financial structure.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio also stood at 0.00 across all years, demonstrating that the company's capital structure is not heavily reliant on debt financing. This reflects a healthy balance between debt and equity in the company's capital mix.
The Financial leverage ratio, which decreased from 4.48 in 2020 to 2.81 in 2024, indicates a declining trend in the company's dependence on debt to finance its operations. The decreasing trend suggests that Mednax Inc has been effectively managing its leverage over the years, which is a positive signal for investors and creditors.
Overall, the solvency ratios of Mednax Inc portray a stable and robust financial position with little reliance on debt, indicating a conservative approach to managing financial risk and ensuring long-term sustainability.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | -1.49 | -0.15 | 5.04 | 3.17 | 1.56 |
The interest coverage ratio of Mednax Inc has shown significant fluctuations over the years based on the provided data. As of December 31, 2020, the interest coverage ratio was 1.56, indicating that the company generated just enough earnings to cover its interest expenses.
However, by December 31, 2021, the interest coverage ratio improved to 3.17, suggesting that the company's ability to meet its interest obligations had strengthened. This positive trend continued into December 31, 2022, with a further increase in the interest coverage ratio to 5.04, indicating a healthier financial position.
On the contrary, the interest coverage ratio took a sharp decline by December 31, 2023, dropping significantly to -0.15. This negative ratio implies that the company's earnings were insufficient to cover its interest expenses during that period.
By December 31, 2024, the interest coverage ratio deteriorated further to -1.49, indicating continued financial distress in meeting its interest obligations.
Overall, the fluctuating trend in Mednax Inc's interest coverage ratio reflects varying levels of financial health and ability to service its debt obligations over the years, with notable improvements followed by concerning declines. Further analysis of the company's financial performance and debt management strategies may be necessary to understand the reasons behind these fluctuations.