ModivCare Balance Sheet Health
Financial Health criteria checks 0/6
ModivCare has a total shareholder equity of $-17.0M and total debt of $1.2B, which brings its debt-to-equity ratio to -7174.5%. Its total assets and total liabilities are $1.7B and $1.7B respectively. ModivCare's EBIT is $23.5M making its interest coverage ratio 0.3. It has cash and short-term investments of $48.3M.
Key information
-7,174.5%
Debt to equity ratio
US$1.22b
Debt
| Interest coverage ratio | 0.3x |
| Cash | US$48.34m |
| Equity | -US$17.00m |
| Total liabilities | US$1.67b |
| Total assets | US$1.65b |
Recent financial health updates
Is ModivCare (NASDAQ:MODV) A Risky Investment?
Jul 11
ModivCare (NASDAQ:MODV) Seems To Be Using A Lot Of Debt
Feb 22Is ModivCare (NASDAQ:MODV) A Risky Investment?
Nov 08Here's Why ModivCare (NASDAQ:MODV) Is Weighed Down By Its Debt Load
Aug 03Is ModivCare (NASDAQ:MODV) A Risky Investment?
Apr 17Does ModivCare (NASDAQ:MODV) Have A Healthy Balance Sheet?
Oct 12Recent updates
ModivCare: A Complicated Tale
Dec 02Investors Still Aren't Entirely Convinced By ModivCare Inc.'s (NASDAQ:MODV) Revenues Despite 26% Price Jump
Aug 31Is ModivCare (NASDAQ:MODV) A Risky Investment?
Jul 11ModivCare Inc. (NASDAQ:MODV) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough
Apr 04ModivCare Inc. (NASDAQ:MODV) Just Reported Earnings, And Analysts Cut Their Target Price
Feb 29ModivCare (NASDAQ:MODV) Seems To Be Using A Lot Of Debt
Feb 22Sentiment Still Eluding ModivCare Inc. (NASDAQ:MODV)
Jan 25Is ModivCare (NASDAQ:MODV) A Risky Investment?
Nov 08Here's Why ModivCare (NASDAQ:MODV) Is Weighed Down By Its Debt Load
Aug 03Is ModivCare (NASDAQ:MODV) A Risky Investment?
Apr 17Is There An Opportunity With ModivCare Inc.'s (NASDAQ:MODV) 49% Undervaluation?
Feb 24Does ModivCare (NASDAQ:MODV) Have A Healthy Balance Sheet?
Oct 12ModivCare: ROIC And Continuing Value Are Narrowing - Rating It A Hold
Sep 02Modivcare names finance boss Heath Sampson as interim CEO
Aug 02ModivCare (NASDAQ:MODV) Has A Somewhat Strained Balance Sheet
Jul 12Are Investors Undervaluing ModivCare Inc. (NASDAQ:MODV) By 37%?
May 10ModivCare (NASDAQ:MODV) Takes On Some Risk With Its Use Of Debt
Mar 04Financial Position Analysis
Short Term Liabilities: MODV has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MODV has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: MODV has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MODV's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: MODV has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MODV has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 08:23 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| 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
ModivCare Inc. is covered by 12 analysts. 6 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 |
|---|---|
| Michael Petusky | Barrington Research Associates, Inc. |
| James Kumpel | BB&T Capital Markets |
| Robert Labick | CJS Securities, Inc. |