Health Management Associates, (FRA:HMG) Debt-to-EBITDA : -25.59 (As of Sep. 2013)

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What is Health Management Associates, Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Health Management Associates,'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2013 was €83 Mil. Health Management Associates,'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2013 was €2,720 Mil. Health Management Associates,'s annualized EBITDA for the quarter that ended in Sep. 2013 was €-110 Mil. Health Management Associates,'s annualized Debt-to-EBITDA for the quarter that ended in Sep. 2013 was -25.59.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Health Management Associates,'s Debt-to-EBITDA or its related term are showing as below:

FRA:HMG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0 Med: 0 Max: 10.1
Current: 10.1

During the past 13 years, the highest Debt-to-EBITDA Ratio of Health Management Associates, was 10.10. The lowest was 0.00. And the median was 0.00.

FRA:HMG's Debt-to-EBITDA is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 2.58 vs FRA:HMG: 10.10

Health Management Associates, Debt-to-EBITDA Historical Data

The historical data trend for Health Management Associates,'s Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Health Management Associates, Debt-to-EBITDA Chart

Health Management Associates, Annual Data

Trend

Sep03

Sep04

Sep05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Debt-to-EBITDA

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5.02

4.44

4.09

6.20

5.63

Health Management Associates, Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Debt-to-EBITDA	Get a 7-Day Free Trial															5.48	5.52	6.38	8.52	-25.59

Competitive Comparison of Health Management Associates,'s Debt-to-EBITDA

For the Medical Care Facilities subindustry, Health Management Associates,'s Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Health Management Associates,'s Debt-to-EBITDA Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Health Management Associates,'s Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Health Management Associates,'s Debt-to-EBITDA falls into.

Health Management Associates, Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Health Management Associates,'s Debt-to-EBITDA for the fiscal year that ended in Dec. 2012 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(96.212	+	2621.549)	/	482.984
	=	5.63

Health Management Associates,'s annualized Debt-to-EBITDA for the quarter that ended in Sep. 2013 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(82.863	+	2720.437)	/	-109.532
	=	-25.59

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Sep. 2013) EBITDA data.

Health Management Associates, (FRA:HMG) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Health Management Associates, Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Health Management Associates,'s Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Health Management Associates, (FRA:HMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Health Management Associates, Inc. (FRA:HMG) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.hma-corp.com

Health Management Associates, Inc. was incorporated in Delaware in 1979 but began operations through a subsidiary that was formed in 1977. It became a public company in 1991. As of December 31, 2011, it operated 66 hospitals with a total of 10,330 licensed beds in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Missouri, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Washington and West Virginia. The Company and its subsidiaries provide health care services to patients in owned and leased facilities located mainly in non-urban communities in the southeastern and southwestern United States. Services provided by its hospitals include general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care and pediatric services. It also provides outpatient services such as one-day surgery, laboratory, x-ray, respiratory therapy, cardiology and physical therapy. Additionally, some of the Company's hospitals provide specialty services in, among other areas, cardiology e.g., open-heart surgery, etc., neuro-surgery, oncology, radiation therapy, computer-assisted tomography 'CT' scanning, magnetic resonance imaging 'MRI', lithotripsy and full-service obstetrics.The Company's strategy is to deliver health care services and improve patient and physician satisfaction, improve operations of its hospitals, utilize efficient management and acquire strategic hospitals in non-urban communities. In many of the geographic areas where it operates, there are other hospitals that provide services comparable to those offered by its hospitals. The Company is subject to compliance with various federal, state and local environmental laws, rules and regulations, including, but not limited to, the disposal of medical waste generated by its operations.

Health Management Associates, (FRA:HMG) Headlines

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