LifePoint Health (LifePoint Health) Net-Net Working Capital : $-81.11 (As of Sep. 2018)

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What is LifePoint Health Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

LifePoint Health's Net-Net Working Capital for the quarter that ended in Sep. 2018 was $-81.11.

The industry rank for LifePoint Health's Net-Net Working Capital or its related term are showing as below:

LPNT's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 7.27
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

LifePoint Health Net-Net Working Capital Historical Data

The historical data trend for LifePoint Health's Net-Net Working Capital 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.

LifePoint Health Net-Net Working Capital Chart

LifePoint Health Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Net-Net Working Capital

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-47.54

-53.56

-65.55

-82.14

-82.28

LifePoint Health Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Net-Net Working Capital	Get a 7-Day Free Trial															-80.66	-82.28	-82.51	-81.25	-81.11

Competitive Comparison of LifePoint Health's Net-Net Working Capital

For the Medical Care Facilities subindustry, LifePoint Health's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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.

LifePoint Health's Price-to-Net-Net-Working-Capital Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, LifePoint Health's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where LifePoint Health's Price-to-Net-Net-Working-Capital falls into.

LifePoint Health Net-Net Working Capital Calculation

LifePoint Health's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2017 is calculated as

	Net-Net Working Capital		(A: Dec. 2017 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(112	+	0.75 * 822.4	+	0.5 * 153.1	-	4000.6
-	0	-	43.3)	/	39.3579
=	-82.28

LifePoint Health's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2018 is calculated as

	Net-Net Working Capital		(Q: Sep. 2018 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(160.1	+	0.75 * 803.7	+	0.5 * 154.6	-	3940.4
-	0	-	42.1)	/	38.7411
=	-81.11

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.

LifePoint Health (NAS:LPNT) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.

LifePoint Health Net-Net Working Capital Related Terms

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LifePoint Health (LifePoint Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » LifePoint Health Inc (NAS:LPNT) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.lifepointhealth.net

LifePoint Health owns and operates community hospitals, regional health systems, physician practices, outpatient centers, and post-acute facilities in the United States. The firm primarily generates revenue through hospital services offered at its facilities. These services include general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, rehabilitation services, and pediatric services. LifePoint receives the majority of its revenue from health maintenance organizations (HMOs), preferred provider organizations (PPOs), and other private insurers. It receives the next largest proportion of revenue from Medicare and Medicaid.

Executives

Kermit R Crawford	director	200 WILMOT ROAD, DEERFIELD IL 60015
Jana R Schreuder	director	50 S LA SALLE ST, CHICAGO IL 60675
Reed Vaughn Tuckson	director	C/O UNITEDHEALTH GROUP INCORPORATED, 9900 BREN ROAD EAST, MINNETONKA MN 55123
Michael P Haley	director	200 NORTH HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Marguerite Sallee	director	C/O BRIGHT HORIZONS FAMILY SOLUTIONS INC, 200 TALCOTT AVENUE SOUTH, WATERTOWN MA 02472
Carpenter William F Iii	director, officer: Chairman and CEO	C/O FB FINANCIAL CORP, 211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Maupin John E Jr D D S	director	103 POWELL COURT SUITE 200, BRENTWOOD TN 37027
Paul D Gilbert	officer: EVP, Chief Legal Officer	103 POWELL COURT, SUITE 200, BRENTWOOD TN 37027
Gregory T. Bier	director	CINCINNATI FINANCIAL CORPORATION, P.O. BOX 145496, CINCINNATI OH 45250-5496
Marilyn B Tavenner	director	13600 BUTLERS ROAD, AMELIA COURT HOUSE VA 23002
Jeffrey Scott Sherman	officer: EVP and CFO	103 POWELL COURT, SUITE 200, BRENTWOOD TN 37027
Gary D Willis	officer: SVP,Chief Accounting Officer	3854 AMERICAN WAY, SUITE A, BATON ROUGE LA 70816