This company has been acquired
Convey Health Solutions Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Key information
50.0%
Debt to equity ratio
US$265.37m
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$19.71m |
| Equity | US$530.72m |
| Total liabilities | US$380.99m |
| Total assets | US$911.71m |
Financial Position Analysis
Short Term Liabilities: CNVY's short term assets ($141.2M) exceed its short term liabilities ($64.1M).
Long Term Liabilities: CNVY's short term assets ($141.2M) do not cover its long term liabilities ($316.9M).
Debt to Equity History and Analysis
Debt Level: CNVY's net debt to equity ratio (46.3%) is considered high.
Reducing Debt: Insufficient data to determine if CNVY'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 CNVY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CNVY is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 95.8% per year.