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ModivCare has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.ModivCare's Interest Coverage for the quarter that ended in Dec. 2023 was 0.85. ModivCare's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.41. As of today, ModivCare's Altman Z-Score is 1.34.
For the Medical Care Facilities subindustry, ModivCare's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Healthcare Providers & Services industry and Healthcare sector, ModivCare's Financial Strength distribution charts can be found below:
* The bar in red indicates where ModivCare's Financial Strength falls into.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
ModivCare's Interest Expense for the months ended in Dec. 2023 was $-18 Mil. Its Operating Income for the months ended in Dec. 2023 was $16 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,018 Mil.
ModivCare's Interest Coverage for the quarter that ended in Dec. 2023 is
Interest Coverage | = | -1 | * | Operating Income (Q: Dec. 2023 ) | / | Interest Expense (Q: Dec. 2023 ) |
= | -1 | * | 15.676 | / | -18.351 | |
= | 0.85 |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
ModivCare's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (122.527 | + | 1017.541) | / | 2811.328 | |
= | 0.41 |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
ModivCare has a Z-score of 1.34, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.34 is in distress zone. This implies bankruptcy possibility in the next two years.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ModivCare (NAS:MODV) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
ModivCare has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of ModivCare's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Barbara Gutierrez | officer: Chief Financial Officer | 8950 E. LOWRY BLVD., DENVER CO 80230 |
L Heath Sampson | officer: Chief Financial Officer | C/O ADVANCED EMISSIONS SOLUTIONS, INC., 9135 S RIDGELINE BLVD STE 200, HIGHLANDS RANCH CO 80129 |
Coliseum Capital Management, Llc | director, 10 percent owner | 105 ROWAYTON AVENUE, ROWAYTON CT 06853 |
Henry Toledo | officer: Chief People Officer | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Jessica Kral | officer: Chief Information Officer | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Anne E, Bailey | officer: President, Home Division | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Rebecca Orcutt | officer: VP, Chief Accounting Officer | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Brett M. Hickman | officer: Chief Commercial Officer | 6900 LAYTON AVENUE, SUITE 1200, DENVER CO 80237 |
Ilias Simpson | officer: President, Transportation | 6900 LAYTON AVENUE, SUITE 1200, DENVER CO 80237 |
Jason E Anderson | officer: President of ModivCare Home | 6900 LAYTON AVENUE, SUITE 1200, DENVER CO 80237 |
Grover Wray | officer: Chief Human Resources Officer | DIGITALGLOBE, INC., 1300 WEST 120TH AVENUE, WESTMINSTER CO 80234 |
Daniel E Greenleaf | director, officer: CEO and President | C/O NABI BIO PHARMACEUTICALS, 5800 PARK OF COMMERCE BLVD., N.W., BOCA RATON FL 33487 |
Jonathan B Bush | officer: SVP, GC and Secretary | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Kenneth Shepard | officer: Vice President, CAO | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Stacy Saal | director | 4700 SOUTH SYRACUSE STREET, 4TH FLOOR, DENVER CO 80237 |
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