Mednax Inc (MD)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,152,700 | 2,076,870 | 1,995,350 | 2,168,160 | 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 |
| Total stockholders’ equity | US$ in thousands | 764,938 | 732,492 | 706,461 | 856,196 | 849,061 | 967,985 | 942,375 | 909,771 | 891,632 | 858,667 | 845,430 | 877,076 | 896,692 | 845,466 | 808,906 | 766,759 | 747,717 | 804,761 | 826,570 | 1,487,400 |
| Financial leverage ratio | 2.81 | 2.84 | 2.82 | 2.53 | 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 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,152,700K ÷ $764,938K
= 2.81
The financial leverage ratio of Mednax Inc has shown fluctuation over the past few years. It increased from 2.90 as of March 31, 2020, to 4.48 as of December 31, 2020, indicating higher reliance on debt to finance its operations during this period. However, there was a subsequent decrease in the ratio to 2.67 as of March 31, 2022, suggesting a reduction in the company's debt levels or an increase in equity.
From March 2022 to December 2024, the financial leverage ratio remained relatively stable, fluctuating between 2.45 and 2.84. This indicates that Mednax Inc has maintained a moderate level of leverage in its capital structure over this period.
Overall, the trend in the financial leverage ratio of Mednax Inc suggests that the company has managed its debt and equity mix effectively, maintaining a balance between debt and equity financing to support its operations and growth initiatives.
Peer comparison
Dec 31, 2024