Mednax Inc (MD)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.61 | 2.40 | 2.45 | 2.55 | 2.63 | 2.72 | 2.80 | 2.67 | 3.04 | 3.13 | 3.16 | 3.24 | 4.48 | 4.26 | 4.10 | 2.90 | 2.77 | 2.90 | 2.07 | 2.05 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,219,810K ÷ $849,061K
= 2.61
The financial leverage ratio of Pediatrix Medical Group Inc has shown some fluctuations over the past eight quarters, ranging from 2.40 to 2.80. The ratio indicates that the company relies on debt financing to a large extent, with an average ratio of around 2.61 over this period. A higher financial leverage ratio suggests a higher level of debt in the company's capital structure, which can amplify returns on equity but also increases the risk associated with its operations. It appears that the company's financial leverage has decreased since Q2 2022, which may indicate a strategic shift towards a more conservative debt position or improved financial health. However, the ratio remains above 2.0, indicating that Pediatrix Medical Group Inc still has a significant reliance on debt to fund its operations and growth initiatives. The trend in the financial leverage ratio should be monitored closely to assess the company's ability to manage its debt levels effectively.
Peer comparison
Dec 31, 2023