Performant Financial Balance Sheet Health
Financial Health criteria checks 5/6
Performant Financial has a total shareholder equity of $80.7M and total debt of $5.0M, which brings its debt-to-equity ratio to 6.2%. Its total assets and total liabilities are $99.0M and $18.3M respectively.
Key information
6.2%
Debt to equity ratio
US$5.00m
Debt
| Interest coverage ratio | n/a |
| Cash | US$7.25m |
| Equity | US$80.71m |
| Total liabilities | US$18.32m |
| Total assets | US$99.03m |
Recent financial health updates
Is Performant Financial (NASDAQ:PFMT) Using Debt Sensibly?
Nov 09
Is Performant Financial (NASDAQ:PFMT) Using Too Much Debt?
Aug 07Is Performant Financial (NASDAQ:PFMT) Weighed On By Its Debt Load?
Mar 16We Think Performant Financial (NASDAQ:PFMT) Has A Fair Chunk Of Debt
Aug 12Is Performant Financial (NASDAQ:PFMT) Using Too Much Debt?
May 10Is Performant Financial (NASDAQ:PFMT) Using Too Much Debt?
Feb 02Recent updates
Investors Aren't Entirely Convinced By Performant Financial Corporation's (NASDAQ:PFMT) Revenues
Apr 11Performant Financial: No Earnings Inflection Anytime Soon, Hold
Mar 19Is Performant Financial (NASDAQ:PFMT) Using Debt Sensibly?
Nov 09Is Performant Financial (NASDAQ:PFMT) Using Too Much Debt?
Aug 07Performant Financial Corporation (NASDAQ:PFMT) Investors Are Less Pessimistic Than Expected
Jun 08Is Performant Financial (NASDAQ:PFMT) Weighed On By Its Debt Load?
Mar 16Performant announces partnership with Priority Health
Oct 11Performant Financial: On Track To Achieve Full-Year Targets Despite Ongoing Headwinds
Sep 30Calculating The Fair Value Of Performant Financial Corporation (NASDAQ:PFMT)
Sep 16We Think Performant Financial (NASDAQ:PFMT) Has A Fair Chunk Of Debt
Aug 12Performant Financial (NASDAQ:PFMT) Has Some Difficulty Using Its Capital Effectively
Jun 14Is Performant Financial (NASDAQ:PFMT) Using Too Much Debt?
May 10Performant Financial: Good Progress On Business Model Transition Despite Headwinds
May 02Is Performant Financial (NASDAQ:PFMT) Using Too Much Debt?
Feb 02These Return Metrics Don't Make Performant Financial (NASDAQ:PFMT) Look Too Strong
Jan 11The Prognosis On Performant Financial
Nov 22A Look At The Fair Value Of Performant Financial Corporation (NASDAQ:PFMT)
Nov 16Auditing Performant's Upside
Aug 10Here's Why Performant Financial (NASDAQ:PFMT) Can Manage Its Debt Responsibly
Aug 04Performant Financial Corporation's (NASDAQ:PFMT) Intrinsic Value Is Potentially 49% Above Its Share Price
Jul 16Performant Financial to join Russell Microcap Index
Jun 08Returns on Capital Paint A Bright Future For Performant Financial (NASDAQ:PFMT)
May 09Performant Financial (NASDAQ:PFMT) Seems To Use Debt Quite Sensibly
Mar 16What Type Of Returns Would Performant Financial's(NASDAQ:PFMT) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Feb 18
The 31% Return On Capital At Performant Financial (NASDAQ:PFMT) Got Our Attention
Jan 14Performant Financial receives Nasdaq non-compliance notification
Dec 31Performant Financial (NASDAQ:PFMT) Takes On Some Risk With Its Use Of Debt
Dec 10Performant Financial: Buy With Both Hands After Post-Earnings Sell-Off Provides Attractive Entry Point
Nov 16Financial Position Analysis
Short Term Liabilities: PFMT's short term assets ($39.8M) exceed its short term liabilities ($12.4M).
Long Term Liabilities: PFMT's short term assets ($39.8M) exceed its long term liabilities ($5.9M).
Debt to Equity History and Analysis
Debt Level: PFMT has more cash than its total debt.
Reducing Debt: PFMT's debt to equity ratio has reduced from 56.1% to 6.2% 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: PFMT has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if PFMT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.