Enhabit Balance Sheet Health
Financial Health criteria checks 3/6
Enhabit has a total shareholder equity of $705.0M and total debt of $541.8M, which brings its debt-to-equity ratio to 76.9%. Its total assets and total liabilities are $1.4B and $740.2M respectively. Enhabit's EBIT is $36.9M making its interest coverage ratio 0.8. It has cash and short-term investments of $37.7M.
Key information
76.9%
Debt to equity ratio
US$541.80m
Debt
Interest coverage ratio | 0.8x |
Cash | US$37.70m |
Equity | US$705.00m |
Total liabilities | US$740.20m |
Total assets | US$1.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: X34's short term assets ($226.1M) exceed its short term liabilities ($150.5M).
Long Term Liabilities: X34's short term assets ($226.1M) do not cover its long term liabilities ($589.7M).
Debt to Equity History and Analysis
Debt Level: X34's net debt to equity ratio (71.5%) is considered high.
Reducing Debt: Insufficient data to determine if X34's debt to equity ratio has reduced 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 X34 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: X34 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 6.3% per year.