AdaptHealth Balance Sheet Health
Financial Health criteria checks 4/6
AdaptHealth has a total shareholder equity of $1.7B and total debt of $2.2B, which brings its debt-to-equity ratio to 124.5%. Its total assets and total liabilities are $4.7B and $3.0B respectively. AdaptHealth's EBIT is $190.8M making its interest coverage ratio 1.5. It has cash and short-term investments of $62.5M.
Key information
124.5%
Debt to equity ratio
US$2.17b
Debt
Interest coverage ratio | 1.5x |
Cash | US$62.48m |
Equity | US$1.74b |
Total liabilities | US$2.99b |
Total assets | US$4.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A2HC34's short term assets ($585.1M) exceed its short term liabilities ($448.2M).
Long Term Liabilities: A2HC34's short term assets ($585.1M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: A2HC34's net debt to equity ratio (121%) is considered high.
Reducing Debt: A2HC34's debt to equity ratio has reduced from 149.2% to 124.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable A2HC34 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: A2HC34 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 8.3% per year.