Performant Healthcare, Stock Current Ratio
| PHLT Stock | 2.77 0.25 9.92% |
Performant Healthcare, fundamentals help investors to digest information that contributes to Performant Healthcare,'s financial success or failures. It also enables traders to predict the movement of Performant Stock. The fundamental analysis module provides a way to measure Performant Healthcare,'s intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Performant Healthcare, stock.
Performant | Current Ratio |
Performant Healthcare, Company Current Ratio Analysis
Performant Healthcare,'s Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Performant Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Performant Healthcare, is extremely important. It helps to project a fair market value of Performant Stock properly, considering its historical fundamentals such as Current Ratio. Since Performant Healthcare,'s main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Performant Healthcare,'s historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Performant Healthcare,'s interrelated accounts and indicators.
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Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, Performant Healthcare, has a Current Ratio of 0.0 times. This is 100.0% lower than that of the Industrials sector and about the same as Specialty Business Services (which currently averages 0.0) industry. The current ratio for all United States stocks is 100.0% higher than that of the company.
Performant Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Performant Healthcare,'s direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Performant Healthcare, could also be used in its relative valuation, which is a method of valuing Performant Healthcare, by comparing valuation metrics of similar companies.Performant Healthcare, is currently under evaluation in current ratio category among its peers.
Performant Fundamentals
| Return On Equity | -0.11 | ||||
| Return On Asset | -0.0426 | ||||
| Profit Margin | (0.07) % | ||||
| Operating Margin | (0.07) % | ||||
| Current Valuation | 182.33 M | ||||
| Shares Outstanding | 78.29 M | ||||
| Shares Owned By Insiders | 8.10 % | ||||
| Shares Owned By Institutions | 85.06 % | ||||
| Number Of Shares Shorted | 1.09 M | ||||
| Price To Book | 2.41 X | ||||
| Price To Sales | 1.50 X | ||||
| Revenue | 113.74 M | ||||
| Gross Profit | 23.75 M | ||||
| EBITDA | (4.57 M) | ||||
| Net Income | (7.52 M) | ||||
| Total Debt | 18.32 M | ||||
| Book Value Per Share | 0.96 X | ||||
| Cash Flow From Operations | 3.86 M | ||||
| Short Ratio | 6.32 X | ||||
| Earnings Per Share | (0.10) X | ||||
| Target Price | 7.0 | ||||
| Number Of Employees | 958 | ||||
| Beta | 0.072 | ||||
| Market Capitalization | 181.24 M | ||||
| Total Asset | 99.03 M | ||||
| Retained Earnings | (65.3 M) | ||||
| Working Capital | 27.4 M | ||||
| Net Asset | 99.03 M |
About Performant Healthcare, Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Performant Healthcare,'s financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Performant Healthcare, using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Performant Healthcare, based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Additional Tools for Performant Stock Analysis
When running Performant Healthcare,'s price analysis, check to measure Performant Healthcare,'s market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Performant Healthcare, is operating at the current time. Most of Performant Healthcare,'s value examination focuses on studying past and present price action to predict the probability of Performant Healthcare,'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Performant Healthcare,'s price. Additionally, you may evaluate how the addition of Performant Healthcare, to your portfolios can decrease your overall portfolio volatility.