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Health Management Associates, Inc. (NYSE:HMA)
Market Cap
$3,520 Mil (As of Today)

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding. Health Management Associates, Inc.'s share price for the quarter that ended in Sep. 2013 was $12.8. Health Management Associates, Inc.'s shares outstanding for the quarter that ended in Sep. 2013 was 265 Mil. Therefore, Health Management Associates, Inc.'s market cap for the quarter that ended in Sep. 2013 was $3,520 Mil.

Health Management Associates, Inc.'s quarterly market cap increased from Mar. 2013 ($3,334 Mil) to Jun. 2013 ($4,090 Mil) but then declined from Jun. 2013 ($4,090 Mil) to Sep. 2013 ($3,386 Mil).

Health Management Associates, Inc.'s annual market cap declined from Dec. 2010 ($2,393 Mil) to Dec. 2011 ($1,873 Mil) but then increased from Dec. 2011 ($1,873 Mil) to Dec. 2012 ($2,390 Mil).

Enterprise value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Health Management Associates, Inc.'s enterprise value for Today is $0 Mil.


Definition

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Health Management Associates, Inc.'s Market Cap for the fiscal year that ended in Dec. 2012 is calculated as

Market Cap (A: Dec. 2012 )=Share Price (A: Dec. 2012 )*Shares Outstanding (A: Dec. 2012 )
=9.32*256.39
=2,390

Health Management Associates, Inc.'s Market Cap for the quarter that ended in Sep. 2013 is calculated as

Market Cap (Q: Sep. 2013 )=Share Price (Q: Sep. 2013 )*Shares Outstanding (Q: Sep. 2013 )
=12.8*264.50
=3,386

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


Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the company’s debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.


Related Terms

Shares Outstanding


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

Sep03Sep04Sep05Dec06Dec07Dec08Dec09Dec10Dec11Dec12
mktcap 5,2304,9735,8025,0781,4514371,8072,3931,8732,390

Health Management Associates, Inc. Quarterly Data

Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13
mktcap 2,7391,7581,8731,7232,0122,1512,3903,3344,0903,386
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