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
No updates
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 26Change Healthcare Inc. 2021 Q3 - Results - Earnings Call Presentation
Feb 04UnitedHealth’s Change deal signals plans to expand Optum – Citi
Jan 06Change Healthcare Inc.: Solving Healthcare's Biggest Challenges
Dec 08Change 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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/10/03 11:04 |
| End of Day Share Price | 2022/09/30 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2022/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Change Healthcare Inc. is covered by 18 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Matthew Gillmor | Baird |
| Zhilin Long | Berenberg |
| Steven Halper | Cantor Fitzgerald & Co. |