Income statement
Patient Revenues
Gross charges: $26,745,000
Adjustments: ($17,951,000)
Net revenue: $6,883,000
Operating expenses
Employee salary and wages: $1,488,000
Taxes and benefits: $321,000
Occupancy costs: $454,000
Medical and surgical: $1,386,000
Other medical costs: $88,000
Insurance: $54,000
Depreciation and amortization: $324,000
Bad debt: $134,000
Management fees: $345,000
Other general and administrative costs: $655,000
Operating income: $1,675,000
Other income (expense): $16,000
Net interest expense: $112,000
Earnings before taxes: $1,577,000
EBITDA: $2,001,000
Balance sheet
Assets
Cash and equivalents: $681,000
Net accounts receivable: $722,000
Other current assets: $203,000
All current assets: $1,544,000
Gross PP&E: $3,780,000
Accumulated depreciation: ($2,190,000)
Net PP&E: $1,644,000
Other assets: $1,855,000
Total assets: $4,201,000
Liabilities
Current liabilities: $455,000
Current portion of LTD: $306,000
Total current liabilities: $608,000
Total long-term debt: $1,239,000
Other LT liabilities: $233,000
Total liabilities: $1,705,000
Equity
Shareholders’ equity: $2,506
Total liabilities and equity: $4,201,000
Liquidity analysis
Cash: $682,000
% of total assets: 18.7 percent
Net A/R: $722,000
% of total assets: 22.9 percent
Working capital: $1,094,000
% of net revenue: 14.8 percent
Current ratio: 6.4
Days operating expenses: 54
Accounts receivable analysis
Accounts receivable – gross: $1,421,000
Accounts receivable – net: $722,000
A/R turnover – net: 11.12
A/R days outstanding – net: 37
A/R Aging
0-30 days: 52.2 percent
31-60 days: 17.8 percent
61-90 days: 8.5 percent
Learn more about VMG Health.
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