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Health Management Associates, Inc. (NYSE:HMA)
EV/EBIT
0.00 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Health Management Associates, Inc.'s enterprise value is \$0 Mil. Health Management Associates, Inc.'s earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2013 was \$-23 Mil. Therefore, Health Management Associates, Inc.'s EV/EBIT ratio for today is 0.00.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Health Management Associates, Inc.'s enterprise value for the quarter that ended in Sep. 2013 was \$7,080 Mil. Health Management Associates, Inc.'s earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2013 was \$-23 Mil. Health Management Associates, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2013 was -0.33%.

Definition

Health Management Associates, Inc.'s EV/EBIT for today is calculated as:

 EV/EBIT = Enterprise Value (Today) / Earnings Before Interest and Taxes (EBIT) (TTM) = 0.000 / -23.436 = 0.00

Health Management Associates, Inc.'s current Enterprise Value is \$0 Mil.
Health Management Associates, Inc.'s Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2013 was 65.54 (Dec. 2012 ) + 40.768 (Mar. 2013 ) + 9.112 (Jun. 2013 ) + -138.856 (Sep. 2013 ) = \$-23 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt).

Health Management Associates, Inc.'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2013 is calculated as:

 Earnings Yield (Joel Greenblatt) (Q: Sep. 2013 ) = EBIT (TTM) / Enterprise Value (Q: Sep. 2013 ) = -23.436 / 7079.714 = -0.33 %

Health Management Associates, Inc.'s Enterprise Value for the quarter that ended in Sep. 2013 was \$7,080 Mil.
Health Management Associates, Inc.'s Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2013 was 65.54 (Dec. 2012 ) + 40.768 (Mar. 2013 ) + 9.112 (Jun. 2013 ) + -138.856 (Sep. 2013 ) = \$-23 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Health Management Associates, Inc. Annual Data

 Sep03 Sep04 Sep05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 ev2ebit 12.07 10.65 11.62 18.50 11.42 8.95 10.60 10.67 17.02 20.67

Health Management Associates, Inc. Quarterly Data

 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 ev2ebit 10.55 9.36 17.02 22.68 34.01 51.56 20.67 27.23 41.27 0.00
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