financial ratios report财务报告

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1、FINANCIALRATIOSREPORTMichiganDepartmentofCommunityHealthCERTIFICATEOFNEEDLewisCassBuilding320S.WalnutSt.Lansing,Michigan48913Phone:(517)241-3343or44–Fax:(517)241-2962AUTHORITY:PA368of1978,asamendedCOMPLETION:IsVoluntary,butisrequiredtoobtainaCertificateofNeed.IfN

2、OTcompleted,aCertificateofNeedwillNOTbeissued.TheDepartmentofCommunityHealthisanequalopportunityemployer,servicesandprogramsprovider.CalculationInstructions:NOTE:Whencalculatingratios,donotincludecashandtemporaryinvestmentsfromdesignatedorrestrictedfundsthatareno

3、tavailableforoperatingpurposes.1.CURRENTRATIO:Theratioofcurrentassetstocurrentliabilities(CAtoCL).Thecurrentratioindicatesthenumberofdollarsofcurrentassetsforeachdollarofcurrentliabilities;itshowsthenumberoftimesthatcurrentassetswill"payoff"thecurrentdebtsofthefa

4、cility,andrelatestoasafetymargin.Afavorableratiois>1.6.Formula:CurrentAssetsCurrentLiabilities2.ACIDTESTRATIO:Theratioofcash,temporaryinvestments,andnetreceivablestocurrentliabilities.Itisatestofthecurrentdebtpayingabilityofthefacilityinthatitindicatestherelatio

5、nshipbetweenthefacility'sliquidassets(cashandnearcashitems)anditscurrentdebt.Afavorableratiois>1.4.Formula:Cash+TemporaryInvestments+NetAccountsReceivableCurrentLiabilities3.QUICKRATIO:Theratioofcashandtemporaryinvestmentstocurrentliabilities.Quickassetsaretheas

6、setsusedtocoverasuddenemergency.Thisisamoreseveretestofthecurrentdebtpayingabilityofthefacility.Sucharatioishelpfulincaseswherethecollectionperiodforreceivablesmightbeunusuallylongorwherethecompositionofcurrentliabilitiesissuchthatextremepressureexistsforimmedia

7、tepayment.Afavorableratiois>.6.Formula:Cash+TemporaryInvestmentsCurrentLiabilities4.DAYSOFWORKINGCAPITAL:Thisindicatesthenumberofdaysthatahospitalwouldbeabletooperateatacurrentlevelwithcashandtemporaryinvestmentsavailableasofthebalancesheetdateifnoadditionalincom

8、ewasreceivedandnoadditionalexpenseswereincurred.Noncashitemsincludedepreciationandamortization.Afavorableratiois>15.Formula:(Cash+TemporaryInvestments)X365DAY