ModivCare Balance Sheet Health
Financial Health criteria checks 0/6
ModivCare has a total shareholder equity of $9.5M and total debt of $1.2B, which brings its debt-to-equity ratio to 12286.5%. Its total assets and total liabilities are $1.7B and $1.7B respectively. ModivCare's EBIT is $29.8M making its interest coverage ratio 0.4. It has cash and short-term investments of $10.5M.
Key information
12,286.5%
Debt to equity ratio
US$1.17b
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$10.55m |
| Equity | US$9.52m |
| Total liabilities | US$1.67b |
| Total assets | US$1.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRF0's short term assets ($456.7M) do not cover its short term liabilities ($568.6M).
Long Term Liabilities: PRF0's short term assets ($456.7M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: PRF0's net debt to equity ratio (12175.6%) is considered high.
Reducing Debt: PRF0's debt to equity ratio has increased from 0% to 12286.5% 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: PRF0 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if PRF0 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.