This company has been acquired
Change Healthcare Balance Sheet Health
Financial Health criteria checks 3/6
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
Is Change Healthcare (NASDAQ:CHNG) A Risky Investment?
Mar 21
Change Healthcare (NASDAQ:CHNG) Has Debt But No Earnings; Should You Worry?
Dec 02
Recent updates
UnitedHealth completes acquisition of Change Healthcare
Oct 03Change Healthcare jumps after judge denies DOJ request to block UnitedHealth deal
Sep 19Change Healthcare gains amid final arguments in DOJ case to block UnitedHealth deal
Sep 08Data misuse risk against UnitedHealth used by DoJ to scuttle Change Healthcare deal - Bloomberg
Aug 11Catalyst watch: Change Health/UNH DOJ court starts, PayPal earnings , unemployment data
Jul 29Change Healthcare: A Healthcare SaaS Opportunity At 11x Free Cash Flow
Feb 14Change Healthcare drops as DOJ sues to block Aon's planned $30B Willis Towers deal
Jun 17Change Healthcare EPS beats by $0.06, beats on revenue
May 26Is Change Healthcare (NASDAQ:CHNG) A Risky Investment?
Mar 21How Many Change Healthcare Inc. (NASDAQ:CHNG) Shares Do Institutions Own?
Feb 16Change Healthcare Inc. 2021 Q3 - Results - Earnings Call Presentation
Feb 04UnitedHealth’s Change deal signals plans to expand Optum – Citi
Jan 06Did You Miss Change Healthcare's (NASDAQ:CHNG) 16% Share Price Gain?
Dec 28Change Healthcare Inc.: Solving Healthcare's Biggest Challenges
Dec 08Change Healthcare (NASDAQ:CHNG) Has Debt But No Earnings; Should You Worry?
Dec 02Change Healthcare: Good Fundamentals At An Enticing Valuation
Dec 01Change Healthcare Inc. 2021 Q2 - Results - Earnings Call Presentation
Nov 09Financial Position Analysis
Short Term Liabilities: CHNG's short term assets ($1.1B) exceed its short term liabilities ($932.8M).
Long Term Liabilities: CHNG's short term assets ($1.1B) do not cover its long term liabilities ($5.4B).
Debt to Equity History and Analysis
Debt Level: CHNG's net debt to equity ratio (133%) is considered high.
Reducing Debt: Insufficient data to determine if CHNG'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 CHNG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CHNG 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.