Surgery Partners Balance Sheet Health
Financial Health criteria checks 2/6
Surgery Partners has a total shareholder equity of $3.4B and total debt of $2.2B, which brings its debt-to-equity ratio to 64.9%. Its total assets and total liabilities are $7.0B and $3.6B respectively. Surgery Partners's EBIT is $436.2M making its interest coverage ratio 2.3. It has cash and short-term investments of $185.2M.
Key information
64.9%
Debt to equity ratio
US$2.18b
Debt
Interest coverage ratio | 2.3x |
Cash | US$185.20m |
Equity | US$3.36b |
Total liabilities | US$3.61b |
Total assets | US$6.98b |
Recent financial health updates
Surgery Partners (NASDAQ:SGRY) Takes On Some Risk With Its Use Of Debt
Feb 27Does Surgery Partners (NASDAQ:SGRY) Have A Healthy Balance Sheet?
Sep 17Surgery Partners (NASDAQ:SGRY) Has A Somewhat Strained Balance Sheet
Mar 24We Think Surgery Partners (NASDAQ:SGRY) Is Taking Some Risk With Its Debt
Sep 26Surgery Partners (NASDAQ:SGRY) Takes On Some Risk With Its Use Of Debt
Jun 27Does Surgery Partners (NASDAQ:SGRY) Have A Healthy Balance Sheet?
Mar 27Recent updates
We Think Shareholders Are Less Likely To Approve A Pay Rise For Surgery Partners, Inc.'s (NASDAQ:SGRY) CEO For Now
May 31Surgery Partners, Inc.'s (NASDAQ:SGRY) Share Price Matching Investor Opinion
Apr 24Surgery Partners' (NASDAQ:SGRY) Returns Have Hit A Wall
Mar 18Surgery Partners (NASDAQ:SGRY) Takes On Some Risk With Its Use Of Debt
Feb 27The Price Is Right For Surgery Partners, Inc. (NASDAQ:SGRY)
Dec 19Returns Are Gaining Momentum At Surgery Partners (NASDAQ:SGRY)
Oct 26Does Surgery Partners (NASDAQ:SGRY) Have A Healthy Balance Sheet?
Sep 17Are Investors Undervaluing Surgery Partners, Inc. (NASDAQ:SGRY) By 35%?
Aug 26The Return Trends At Surgery Partners (NASDAQ:SGRY) Look Promising
Jul 21Surgery Partners, Inc.'s (NASDAQ:SGRY) Shareholders Might Be Looking For Exit
Jun 15A Look At The Intrinsic Value Of Surgery Partners, Inc. (NASDAQ:SGRY)
May 26There's Been No Shortage Of Growth Recently For Surgery Partners' (NASDAQ:SGRY) Returns On Capital
Apr 14Surgery Partners (NASDAQ:SGRY) Has A Somewhat Strained Balance Sheet
Mar 24Surgery Partners, Inc. (NASDAQ:SGRY) Shares Could Be 50% Below Their Intrinsic Value Estimate
Jan 24We Think Surgery Partners (NASDAQ:SGRY) Is Taking Some Risk With Its Debt
Sep 26The Returns On Capital At Surgery Partners (NASDAQ:SGRY) Don't Inspire Confidence
Aug 15Surgery Partners GAAP EPS of -$0.21 misses by $0.07, revenue of $615.4M misses by $3.61M
Aug 02Surgery Partners And Alternative Near Cap-Gain Portfolio Wealth Builders
Jul 02Surgery Partners (NASDAQ:SGRY) Takes On Some Risk With Its Use Of Debt
Jun 27Does Surgery Partners (NASDAQ:SGRY) Have A Healthy Balance Sheet?
Mar 27Is Surgery Partners (NASDAQ:SGRY) A Risky Investment?
Dec 06Estimating The Fair Value Of Surgery Partners, Inc. (NASDAQ:SGRY)
Oct 04Surgery Partners (NASDAQ:SGRY) Has A Somewhat Strained Balance Sheet
Aug 05Financial Position Analysis
Short Term Liabilities: SGRY's short term assets ($895.9M) exceed its short term liabilities ($523.4M).
Long Term Liabilities: SGRY's short term assets ($895.9M) do not cover its long term liabilities ($3.1B).
Debt to Equity History and Analysis
Debt Level: SGRY's net debt to equity ratio (59.4%) is considered high.
Reducing Debt: SGRY's debt to equity ratio has reduced from 130% to 64.9% over the past 5 years.
Debt Coverage: SGRY's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: SGRY's interest payments on its debt are not well covered by EBIT (2.3x coverage).