Mednax Inc (MD)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,152,700 | 2,219,810 | 2,347,890 | 2,722,550 | 3,347,950 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,152,700K
= 0.00
The debt-to-assets ratio for Mednax Inc has remained at 0.00 for the years ending on December 31, 2020, 2021, 2022, 2023, and 2024. This indicates that the company has not used debt to finance its assets during these years. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, implying a lower financial risk as there is no debt obligation to be serviced. Mednax's consistent zero debt-to-assets ratio suggests a strong financial position with no reliance on external borrowing to support its operations and investments.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Mednax Inc
MD
0.00
Encompass Health Corp
EHC
0.00
Select Medical Holdings
SEM
0.00