AdaptHealth Balance Sheet Health
Financial Health criteria checks 3/6
AdaptHealth has a total shareholder equity of $1.5B and total debt of $2.1B, which brings its debt-to-equity ratio to 146.5%. Its total assets and total liabilities are $4.5B and $3.0B respectively. AdaptHealth's EBIT is $260.3M making its interest coverage ratio 2. It has cash and short-term investments of $81.6M.
Key information
146.5%
Debt to equity ratio
US$2.15b
Debt
| Interest coverage ratio | 2x |
| Cash | US$81.61m |
| Equity | US$1.47b |
| Total liabilities | US$3.04b |
| Total assets | US$4.51b |
Recent financial health updates
Here's Why AdaptHealth (NASDAQ:AHCO) Has A Meaningful Debt Burden
Apr 03
AdaptHealth (NASDAQ:AHCO) Use Of Debt Could Be Considered Risky
Nov 15Here's Why AdaptHealth (NASDAQ:AHCO) Is Weighed Down By Its Debt Load
Jul 04Here's Why AdaptHealth (NASDAQ:AHCO) Is Weighed Down By Its Debt Load
Mar 22AdaptHealth (NASDAQ:AHCO) Has A Somewhat Strained Balance Sheet
Dec 16Here's Why AdaptHealth (NASDAQ:AHCO) Has A Meaningful Debt Burden
Jun 27Recent updates
Here's Why AdaptHealth (NASDAQ:AHCO) Has A Meaningful Debt Burden
Apr 03Market Might Still Lack Some Conviction On AdaptHealth Corp. (NASDAQ:AHCO) Even After 50% Share Price Boost
Mar 07AdaptHealth's (NASDAQ:AHCO) Returns On Capital Not Reflecting Well On The Business
Feb 16Many Still Looking Away From AdaptHealth Corp. (NASDAQ:AHCO)
Jan 18AdaptHealth (NASDAQ:AHCO) Use Of Debt Could Be Considered Risky
Nov 15Returns On Capital At AdaptHealth (NASDAQ:AHCO) Paint A Concerning Picture
Oct 18Is It Too Late To Consider Buying AdaptHealth Corp. (NASDAQ:AHCO)?
Sep 27Here's What's Concerning About AdaptHealth's (NASDAQ:AHCO) Returns On Capital
Jul 19Here's Why AdaptHealth (NASDAQ:AHCO) Is Weighed Down By Its Debt Load
Jul 04Is Now The Time To Look At Buying AdaptHealth Corp. (NASDAQ:AHCO)?
Jun 16AdaptHealth's (NASDAQ:AHCO) Returns On Capital Not Reflecting Well On The Business
Apr 10Here's Why AdaptHealth (NASDAQ:AHCO) Is Weighed Down By Its Debt Load
Mar 22Why AdaptHealth Corp. (NASDAQ:AHCO) Could Be Worth Watching
Feb 23Investors Interested In AdaptHealth Corp.'s (NASDAQ:AHCO) Earnings
Jan 24AdaptHealth (NASDAQ:AHCO) Has A Somewhat Strained Balance Sheet
Dec 16We Ran A Stock Scan For Earnings Growth And AdaptHealth (NASDAQ:AHCO) Passed With Ease
Nov 28AdaptHealth named a Fresh Pick at Baird after investor day
Sep 19AdaptHealth: Operating Performance Stretching Up, Valuation Less So
Aug 30AdaptHealth Q2 2022 Earnings Preview
Aug 08AdaptHealth gains ahead of addition to S&P SmallCap 600
Aug 02Here's Why AdaptHealth (NASDAQ:AHCO) Has A Meaningful Debt Burden
Jun 27AdaptHealth: Strongest Home DME Distributor, But Industry Outlook Weak
May 19AdaptHealth (NASDAQ:AHCO) Seems To Use Debt Quite Sensibly
Feb 24Financial Position Analysis
Short Term Liabilities: AHCO's short term assets ($649.0M) exceed its short term liabilities ($537.0M).
Long Term Liabilities: AHCO's short term assets ($649.0M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: AHCO's net debt to equity ratio (140.9%) is considered high.
Reducing Debt: AHCO's debt to equity ratio has increased from 131% to 146.5% 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: Whilst unprofitable AHCO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AHCO is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 2.2% per year.