Mednax Inc (MD)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 849,061 | 967,985 | 942,375 | 909,771 | 891,632 | 858,667 | 845,430 | 877,076 | 896,487 | 845,466 | 808,906 | 766,759 | 747,485 | 804,761 | 826,570 | 1,487,400 | 1,499,000 | 1,479,360 | 2,725,030 | 2,779,810 |
| Debt-to-capital 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 | 0.20 | 0.00 | 0.12 | 0.11 | 0.12 |
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 exhibited fluctuations over the past eight quarters. The ratio, which represents the proportion of debt in relation to the company's total capital (debt + equity), ranged from 0.40 to 0.49 during this period.
The trend analysis shows that the ratio experienced a decreasing trend from Q2 2022 to Q3 2023, indicating a reduction in the reliance on debt financing and an improvement in the company's capital structure during this period. However, the ratio slightly increased in Q4 2023 compared to the previous quarter.
Overall, the company's debt-to-capital ratio has been relatively stable, staying within the range of 0.40 to 0.49. Investors and creditors may view a lower ratio favorably as it suggests lower financial risk associated with excessive debt levels. However, it is essential to consider industry benchmarks and the company's specific circumstances when evaluating the implications of this ratio on Pediatrix Medical Group Inc's financial health.
Peer comparison
Dec 31, 2023