Change Healthcare Balance Sheet Health
Financial Health criteria checks 3/6
Change Healthcare has a total shareholder equity of $3.3B and total debt of $4.5B, which brings its debt-to-equity ratio to 136.5%. Its total assets and total liabilities are $9.6B and $6.3B respectively. Change Healthcare's EBIT is $134.9M making its interest coverage ratio 0.6. It has cash and short-term investments of $113.3M.
Key information
136.5%
Debt to equity ratio
US$4.49b
Debt
| Interest coverage ratio | 0.6x |
| Cash | US$113.30m |
| Equity | US$3.29b |
| Total liabilities | US$6.35b |
| Total assets | US$9.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1CB's short term assets ($1.1B) exceed its short term liabilities ($932.8M).
Long Term Liabilities: 1CB's short term assets ($1.1B) do not cover its long term liabilities ($5.4B).
Debt to Equity History and Analysis
Debt Level: 1CB's net debt to equity ratio (133%) is considered high.
Reducing Debt: Insufficient data to determine if 1CB'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 1CB has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1CB is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 69.9% per year.