Mednax Inc (MD)

Debt-to-capital ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Long-term debt US$ in thousands 0
Total stockholders’ equity US$ in thousands 849,061 891,632 896,487 747,485 1,499,000
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $849,061K)
= 0.00

The debt-to-capital ratio of Pediatrix Medical Group Inc has shown fluctuations over the past five years. In 2023, the ratio stands at 0.43, indicating that 43% of the company's capital structure is financed by debt. This represents a slight increase from the previous year's figure of 0.42.

Comparing this with historical data, we observe a significant reduction in the ratio from 0.70 in 2020 to 0.43 in 2023, which suggests that the company has been gradually decreasing its reliance on debt to fund its operations.

It is important to note that a lower debt-to-capital ratio generally signifies a lower financial risk and better financial health, as it indicates a lesser proportion of debt in the company's capital structure. However, it is essential to monitor this ratio over time to ensure that the company maintains an optimal balance between debt and equity financing to support its growth and profitability objectives.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-capital ratio
Mednax Inc
MD
0.00
Encompass Health Corp
EHC
0.00
Select Medical Holdings
SEM
0.00