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