ModivCare Balance Sheet Health
Financial Health criteria checks 0/6
ModivCare has a total shareholder equity of $9.5M and total debt of $1.2B, which brings its debt-to-equity ratio to 12286.5%. Its total assets and total liabilities are $1.7B and $1.7B respectively. ModivCare's EBIT is $29.8M making its interest coverage ratio 0.4. It has cash and short-term investments of $10.5M.
Key information
12,286.5%
Debt to equity ratio
US$1.17b
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$10.55m |
| Equity | US$9.52m |
| Total liabilities | US$1.67b |
| Total assets | US$1.68b |
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
Is 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 04ModivCare (NASDAQ:MODV) Takes On Some Risk With Its Use Of Debt
Nov 07Financial Position Analysis
Short Term Liabilities: MODV's short term assets ($456.7M) do not cover its short term liabilities ($568.6M).
Long Term Liabilities: MODV's short term assets ($456.7M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: MODV's net debt to equity ratio (12175.6%) is considered high.
Reducing Debt: MODV's debt to equity ratio has increased from 0% to 12286.5% 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: 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.