Mednax Inc (MD)
Debt-to-equity 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-equity 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 | 0.25 | 0.00 | 0.14 | 0.13 | 0.14 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $849,061K
= 0.00
The debt-to-equity ratio of Pediatrix Medical Group Inc has shown some fluctuations over the past eight quarters. The trend indicates that the company has been managing its debt levels relative to its equity position with some variability.
In the most recent quarter, Q4 2023, the debt-to-equity ratio was 0.75, which indicates that the company had $0.75 in debt for every $1 of equity. This ratio was lower compared to Q3 2023 (0.66), suggesting that the company reduced its reliance on debt or increased its equity base during the period.
Looking at the broader trend, the company's debt-to-equity ratio fluctuated between 0.66 and 0.96 over the past eight quarters. The ratio was at its lowest in Q3 2023 and highest in Q2 2022. This variability suggests that Pediatrix Medical Group Inc has been managing its capital structure dynamically, adjusting its debt and equity levels based on business needs and market conditions.
Overall, the debt-to-equity ratio analysis indicates that Pediatrix Medical Group Inc has been maintaining a balance between debt and equity, with fluctuations illustrating the company's strategic approach to capital structure management.
Peer comparison
Dec 31, 2023