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¶ … liquidity, we will be using the current ratio and the quick ratio in order to evaluate the company's short-term solvability. The current ratio has gradually increased in the last years from 1.31 in 1990 to 1.68 in 1993. This comes to show that the community hospital has steadily improved its short-term solvability and that it is currently in no danger of not being able to cover its expenses. In general, the current ratio needs to be higher than 1 and, as we can see from the current ratio values in 1990 to 1993, it has been constantly so, with a tendency for improvement.
The quick ratio, another benchmark for liquidity, is more or less on the same parameters, increasing from 1.01 in 1990 to 1.56 in 1993. Obtained by dividing the total current assets value minus the inventory to the overall...
As I have said, corroborated with the previous current ratio results, the hospital's short-term solvability is no subject of worry.
In terms of profitability, the hospital has improved its margins from strong negative values in 1990 (-36.1% for the operating margins and -30.24% for the gross margin) to solid positive values in 1993 (4.24% for the operating margins and 4.81% for the gross margins). With the observation that the hospital is a non-profit organization and that, in this sense, the profitability indicators tend to be less important, we may note that the hospital has been performing better and better over the last four years, with a notable tendency of improvement over these…
Finally, the capital structure financial indicators are meant to give an idea about the company's long-term solvability, in terms of long-term debt. Two of these ratios, the long-term debt to equity and the long-term debt to capital asset ratios are much smaller than the benchmark average. This may show that the hospital prefers to use other forms of financing rather than debt.
Overall, the hospital has shown stable and solid financial indicators for the period 1990-1993. Except for the average collection period, significantly lower than the benchmark average, all the other indicators are equal or higher, which comes to show that the hospital is performing well.
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financial analysis we need to consider. First of all, an overview of the main financial ratio, with their meaning and a keen evaluation of their score. Second of all, a progressive analysis, which would refer to the way these financial ratios have evolved in the four-year period we are looking at. The latter will allows us to draw relevant conclusions as to the performance of the management team. The profitability
asses the financial status of the hospital, I've used the indicators frequently mentioned in the health-care literature and my conclusion is that the current management did a good job. The operating margin [(Total operating revenue - operating expenses)/Total operating revenue)] increased from a negative 36.1% to 4.24% in 1993, indicating a constant progress. The gross margin also had an excellent evolution, from -30.24% in 1990 to 4.81% in 1993. The return
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