Enhabit Inc. (EHAB)
Solvency ratios
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||||
|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.14 | 2.14 | 2.11 | 2.05 | 2.06 | 1.94 | 1.97 |
Based on the data provided for Enhabit Inc., the solvency ratios indicate a consistent and stable financial position in terms of its debt management and leverage. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio are all consistently reported as 0.00 across all quarters in 2023, suggesting that the company has no debt obligations in relation to its assets, capital, or equity.
In terms of financial leverage, the financial leverage ratio has been relatively stable over the quarters, ranging from 1.94 to 2.14. This ratio indicates that the company is using a moderate level of debt to finance its operations and investments, with a slightly increasing trend from the beginning to the end of the year. Overall, Enhabit Inc. appears to have a conservative approach to debt and leverage, maintaining a healthy balance between debt and equity in its capital structure.
Coverage ratios
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | |
|---|---|---|---|---|
| Interest coverage | -1.12 | -3.67 | -3.88 | -1.38 |
The interest coverage ratio for Enhabit Inc. has been consistently negative throughout the year 2023, indicating that the company's operating income is insufficient to cover its interest expenses. This raises concerns about the company's ability to meet its debt obligations and may suggest financial distress. A sustained negative interest coverage ratio can also signal potential trouble in securing future financing or refinancing existing debt. Enhabit Inc. should closely monitor and address this issue to ensure its long-term financial stability.