Surgery Partners Balance Sheet Health
Financial Health criteria checks 4/6
Surgery Partners has a total shareholder equity of $3.4B and total debt of $2.1B, which brings its debt-to-equity ratio to 62.4%. Its total assets and total liabilities are $6.9B and $3.5B respectively. Surgery Partners's EBIT is $414.9M making its interest coverage ratio 2.1. It has cash and short-term investments of $195.9M.
Key information
62.4%
Debt to equity ratio
US$2.10b
Debt
Interest coverage ratio | 2.1x |
Cash | US$195.90m |
Equity | US$3.36b |
Total liabilities | US$3.51b |
Total assets | US$6.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1SP's short term assets ($895.0M) exceed its short term liabilities ($523.0M).
Long Term Liabilities: 1SP's short term assets ($895.0M) do not cover its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: 1SP's net debt to equity ratio (56.6%) is considered high.
Reducing Debt: 1SP's debt to equity ratio has reduced from 128.9% to 62.4% 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 1SP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1SP is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.4% per year.