Enhabit Balance Sheet Health
Financial Health criteria checks 3/6
Enhabit has a total shareholder equity of $597.9M and total debt of $518.8M, which brings its debt-to-equity ratio to 86.8%. Its total assets and total liabilities are $1.3B and $706.4M respectively. Enhabit's EBIT is $38.9M making its interest coverage ratio 0.9. It has cash and short-term investments of $45.7M.
Key information
86.8%
Debt to equity ratio
US$518.80m
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$45.70m |
| Equity | US$597.90m |
| Total liabilities | US$706.40m |
| Total assets | US$1.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: X34's short term assets ($208.2M) exceed its short term liabilities ($142.9M).
Long Term Liabilities: X34's short term assets ($208.2M) do not cover its long term liabilities ($563.5M).
Debt to Equity History and Analysis
Debt Level: X34's net debt to equity ratio (79.1%) 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 10% per year.