Mednax Inc (MD)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 368,500 | 0 | 209,800 | 351,500 | 392,000 |
| Total assets | US$ in thousands | 2,219,810 | 2,326,340 | 2,305,510 | 2,320,050 | 2,347,890 | 2,331,960 | 2,369,620 | 2,340,980 | 2,722,550 | 2,646,100 | 2,555,130 | 2,483,740 | 3,347,950 | 3,424,830 | 3,387,210 | 4,319,660 | 4,145,900 | 4,290,660 | 5,638,810 | 5,706,260 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.00 | 0.05 | 0.06 | 0.07 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,219,810K
= 0.00
The debt-to-assets ratio for Pediatrix Medical Group Inc has fluctuated over the past eight quarters, ranging from 0.27 to 0.34. This ratio indicates the proportion of the company's assets financed by debt. A lower ratio implies a lower dependence on debt financing and a stronger financial position, while a higher ratio suggests higher leverage and financial risk.
In Q4 2023, the debt-to-assets ratio decreased to 0.29 from 0.33 in Q1 2023 and 0.34 in both Q2 and Q1 2022. This decline may indicate improved financial stability as the company reduced its debt relative to its assets during the quarter.
The Q4 2023 ratio of 0.29 is slightly below the average ratio of 0.31 calculated from the eight quarters. This indicates that Pediatrix Medical Group Inc relies less on debt for financing its assets on average over this period.
Overall, the decreasing trend in the debt-to-assets ratio suggests that the company may be managing its debt levels effectively and improving its financial health by potentially increasing the proportion of assets funded by equity rather than debt.
Peer comparison
Dec 31, 2023