Mednax Inc (MD)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 0 |
| Total assets | US$ in thousands | 2,219,810 | 2,347,890 | 2,722,550 | 3,347,950 | 4,145,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,219,810K
= 0.00
The debt-to-assets ratio of Pediatrix Medical Group Inc has shown a decreasing trend from 2019 to 2023. In 2019, the ratio was 0.42, indicating that 42% of the company's assets were financed by debt. Subsequently, the ratio decreased to 0.52 in 2020, which implies a higher reliance on debt for financing assets. However, a positive development followed as the ratio decreased to 0.37 in 2021 and further declined to 0.28 in 2022. Finally, in 2023, the ratio reached its lowest point at 0.29. This consistent decrease in the debt-to-assets ratio over the years suggests that the company has become more efficient in managing its debt levels or increasing its asset base, resulting in a lower dependence on debt financing for its operations.
Peer comparison
Dec 31, 2023