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Healthcare Sector Financial Strength Information


Financial Strength Information & Trends  
 


Category:   Period:  

Healthcare Sector 1 Q 4 Q 3 Q 2 Q 1 Q
  2024 2023 2023 2023 2023
Quick Ratio (TTM) 0.63 0.73 0.72 0.72 0.72
Quick Ratio Ranking # 3 # 2 # 2 # 2 # 2
Working Capital Ratio (TTM) 1.64 1.88 1.75 1.75 1.75
Working Capital Ratio Ranking # 2 # 2 # 2 # 2 # 3
Working Capital Per Revenue 0.29 0.34 - 0.29 0.28
Working Capital Per Revenue Ranking # 12 # 1 # 2 # 12 # 11
Leverage Ratio (TTM) 1.75 1.51 1.62 1.56 1.55
Leverage Ratio Ranking # 6 # 5 # 6 # 5 # 5
Total Debt to Equity (TTM) 0.95 0.7 0.88 0.84 0.83
Total Debt to Equity Ranking # 9 # 7 # 9 # 7 # 6
Interest Coverage (TTM) 6.94 7.33 7.44 8.93 10.13
Interest Coverage Ranking # 11 # 10 # 10 # 10 # 9
Debt Coverage (TTM) 0.19 0.22 0.23 0.26 0.29
Debt Coverage Ranking # 12 # 11 # 11 # 10 # 9


Quick Ratio Comment
On the trailing twelve months basis Due to increase in Current Liabilities in the 1 Q 2024, Quick Ratio fell to 0.63 a new Healthcare Sector low.



Within Healthcare sector 2 other sector have achieved higher Quick Ratio. Quick Ratio total ranking fell in contrast to the previous quarter from 2 to 3.

Note, Numbers include only companies who have reported earnings results. Numbers change as more businesses report financial results. See the full List.

Quick Ratio Statistics as of 1 Q 2024
High Average Low
3.87 0.95 0.63
1. quarter 2016   1. quarter 2024

Quick Ratio Sector Ranking
Within: No.
Sector # 3
Overall # 3


Other Quick Ratios
Compare Sector's quick ratio to Rdnt's or S&P Constituent list of Healthcare Sector
Highest Ranking Quick Ratios Lowest Ranking Quick Ratios
Quick Ratios for RDNT's Competitors Definiton of Quick Ratio


Healthcare Sector Working Capital Ratio Statistics as of 1 Q 2024
 



Working Capital Ratio Statistics as of 1 Q 2024
High Average Low
2.31 1.89 1.61
2. quarter 2014   3. quarter 2021



Working Capital Ratio Comment
On the trailing twelve months basis Due to increase in Current Liabilities in the 1 Q 2024, Working Capital Ratio fell to 1.64 below Healthcare Sector average.



Within Healthcare sector only one Sector has achieved higher Working Capital Ratio. Total ranking remained unchanged from the previous quarter at no. 2.



Working Capital Ratio Sector Ranking
Within: No.
Sector # 2
Overall # 2

Other Working Capital Ratios
Highest Ranking Working Capital Ratios Lowest Ranking Working Capital Ratios
Compare Sector's Working Capital ratio to Rdnt's or S&P Constituent list of Healthcare Sector
Working Capital ratios for RDNT's Competitors Definiton of Working Capital Ratio

Healthcare Sector Working Capital Per Revenue Statistics as of 1 Q 2024
 
Working Capital Per Revenue Comment
On the trailing twelve months basis Healthcare Sector's Working Capital Per Revenue sequentially decreased to 0.29 in the 1 Q 2024, but remained above Sector average. Due to decrease of revenue year on year by -4.65%.



Within Healthcare sector 11 other sector have achieved lower Working Capital Per Revenue. Working Capital Per Revenue total ranking fell in contrast to the preceding quarter from 1 to 12.




Working Capital Per Revenue Statistics as of 1 Q 2024
High Average Low
0.42 0.26 -0.16
2. quarter 2014   3. quarter 2023


Working Capital Per Revenue Sector Ranking
Within: No.
Sector # 12
Overall # 12



Other Working Capital Per Revenue
Compare Sector's Working Capital Per Revenue to Rdnt's or S&P Constituent list of Healthcare Sector
Return On Assets for Healthcare Sector Definiton of Working Capital Per Revenue



Healthcare Sector Leverage Ratio Statistics as of 1 Q 2024
 


Leverage Ratio Statistics as of 1 Q 2024
High Average Low
1.83 1.46 -0.31
2. quarter 2020   1. quarter 2016



Leverage Ratio Comment
Despite repayements of liabilities of 1.79%, in 1 Q 2024, Liabilities to Equity ratio detoriated to 1.75, above Sector average.



Among other Industries in the Healthcare sector 5 other sector have achieved lower Leverage Ratio.



Leverage Ratio overall ranking has fallen relative to the prior quarter from 5 to 6.



Leverage Ratio Sector Ranking
Within: No.
Sector # 6
Overall # 6

Other Leverage Ratios
Compare Sector's Leverage ratio to Rdnt's or S&P Bond Interest rates
Highest Ranking Leverage Ratios Lowest Ranking Leverage Ratios
Leverage Ratios for RDNT's Competitors What is Leverage Ratio?


Healthcare Sector Total Debt to Equity Ratio Statistics as of 1 Q 2024
 
Debt to Equity Ratio Comment
Despite debt repayement of 2.17%, in 1 Q 2024 ,Total Debt to Equity detoriated to 0.95 in the 1 Q 2024, a new Sector high.



Within Healthcare sector 8 other sector have achieved lower Debt to Equity Ratio. Debt to Equity Ratio total ranking has contracted relative to the preceding quarter from 7 to 9.




Debt to Equity Ratio Statistics as of 1 Q 2024
High Average Low
0.95 0.29 0.06
1. quarter 2024   4. quarter 2020



Debt to Equity Sector Ranking
Within: No.
Sector # 9
Overall # 9

Other Debt to Equity Ratios
Highest Ranking Debt to Equity Ratios Lowest Ranking Debt to Equity Ratios
Compare Sector's Debt to Equity ratio to Rdnt's or S&P Definiton of Debt to Equity Ratio

Healthcare Sector Interest Coverage Ratio Statistics as of 1 Q 2024
 


Interest Coverage Ratio Statistics as of 1 Q 2024
High Average Low
29.97 11.18 2.98
4. quarter 2021   1. quarter 2016

Interest Coverage Ratio Comment
On the trailing twelve months basis Despite sequential decrease in interest expenses, Interest Coverage Ratio detoriated to 6.94 in the 1 Q 2024, below Healthcare Sector average.



In the Healthcare sector 10 other sector have accomplished higher Interest Coverage Ratio. Interest Coverage overall ranking fell in contrast to the prior period from 10 to 11.



Interest Coverage Ratio Sector Ranking
Within: No.
Sector # 11
Overall # 11

Other Interest Coverage Ratios
Highest Ranking Interest Coverage Ratios Lowest Ranking Interest Coverage Ratios
Compare Sector's Interest Coverage ratio to Rdnt's or S&P Definiton of Interest Coverage Ratio


Healthcare Sector Debt Coverage Statistics as of 1 Q 2024
 
Debt Coverage Ratio Comment
On the trailing twelve months basis Due to increase in total debt in 1 Q 2024, Debt Coverage Ratio fell to 0.19 a new Healthcare Sector low.



Looking into Healthcare sector 11 other sector have achieved higher debt coverage ratio. Debt Coverage Ratio total ranking has declined from the preceding period from 11 to 12.




Debt Coverage Statistics as of 1 Q 2024
High Average Low
4.68 2.02 0.19
3. quarter 2021   1. quarter 2024



Debt Coverage Sector Ranking
Within: No.
Sector # 12
Overall # 12

Other Debt Coverage Ratios
Highest Ranking Debt Coverage Ratios Lowest Ranking Debt Coverage Ratios
See also Healthcare Sector's Margin Definiton of Debt Coverage Ratio

Date modified: 2024-06-15T11:07:59+00:00



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