What is Health Net Financial Strength?
Health Net has the Financial Strength Rank of 0.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Health Net's Interest Coverage for the quarter that ended in Dec. 2015 was 16.21.
Health Net's debt to revenue ratio for the quarter that ended in Dec. 2015 was 0.04.
As of today, Health Net's Altman Z-Score is 0.00.
Competitive Comparison of Health Net's Financial Strength
For the Healthcare Plans subindustry, Health Net's Financial Strength, along with its competitors' market caps and Financial Strength 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 Net's Financial Strength Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Health Net's Financial Strength distribution charts can be found below:
* The bar in red indicates where Health Net's Financial Strength falls into.
Health Net Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Health Net's Interest Expense for the
months ended in Dec. 2015 was $-8 Mil. Its Operating Income for the
months ended in Dec. 2015 was $137 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2015 was $400 Mil.
Health Net's Interest Coverage for the quarter that ended in Dec. 2015 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Health Net's Debt to Revenue Ratio for the quarter that ended in Dec. 2015 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Health Net has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* 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.
Health Net (Health Net) Business Description
Traded in Other Exchanges
N/A
Address
Health Net Inc was incorporated in the state of Delaware on 1990. The Company is an integrated managed care organization that delivers managed health care services. The Company's health plans and government contracts subsidiaries provide health benefits through its health maintenance organizations (HMOs), insured preferred provider organizations (PPOs) and point of service (POS). Its subsidiaries also offer managed health care products related to behavioral health and prescription drugs. The Company also owns health and life insurance companies licensed to sell exclusive provider organization (EPO), PPO, POS and indemnity products as well as auxiliary non-health products such as life and accidental death and dismemberment, dental, vision, behavioral health and disability insurance. These products are offered by its health and life insurance subsidiaries, which are licensed to sell insurance in approximately 49 states and the District of Columbia. It operates within three reportable segments: West Operations, Northeast Operations and Government Contracts. The Company's West Operations segment includes the operations of its commercial, Medicare and Medicaid health plans, the operations of its health and life insurance companies and its behavioral health and pharmaceutical services subsidiaries in Arizona, California and Oregon. The Company offers a full spectrum of managed health care products and services. It offers a range of Medicare products, including Medicare Advantage plans with and without prescription drug coverage, Medicare Part D stand-alone prescription drug plans ('PDP'), and Medicare supplement products that supplement traditional fee-for-service Medicare coverage. Its portfolio of Medicare Advantage plans focuses on simplicity so that members can sign up and use benefits with minimal paperwork and receive coverage that starts immediately upon enrollment. The Company provides ASO products to large employer groups in California. Its Government Contracts segment includes its TRICARE contract for the North Region and other health care-related government contracts that it administers for the U.S. Department of Defense (the 'Department of Defense') and the U.S. Department of Veterans Affairs. Certain components of these contracts are subcontracted to unrelated third parties. Its wholly-owned subsidiary, Health Net Federal Services, LLC ('HNFS'), administers a large managed care federal contract with the Department of Defense under the TRICARE program in the North Region. The Company maintains a network of qualified physicians, hospitals and other health care providers in each of the states in which it offers network based managed care products and services. It markets its products and services to individuals and employer groups through inside sales staff, independent brokers, agents and consultants and through the Internet. The Company operates in a highly competitive environment in an industry. Its health plans face subst
Executives
| Mary Anne Citrino |
director |
345 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10154 |
| Craver Theodore F Jr |
director |
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| Kathleen Alyce Waters |
officer: SVP, Gen. Counsel & Secretary |
C/O DAVITA INC., 2000 16TH STREET, DENVER CO 80202 |
| Jay M Gellert |
director, officer: President, CEO |
6520 PLATT AVENUE, #695, WEST HILL CA 91307 |
| Gale S Fitzgerald |
director |
800 DELEWARE AVE, COMPUTER TASK GROUP INC, BUFFALO NY 14209 |
| James Woys |
officer: EVP, CFO and COO |
21650 OXNARD STREET, 22ND FLOOR, WOODLAND HILLS CA 91367 |
| Patrick Foley |
director |
C/O GLENBOROUGH REALTY TRUST, 400 SOUTH EL CAMINO REAL, SAN MATEO CA 94402 |
| Steven H Nelson |
officer: President Health Net of the NE |
21650 OXNARD STREET, WOODLAND HILLS CA 91367 |
| Anthony S Piszel |
officer: EVP & Chief Financial Officer |
C/O PRUDENTIAL FINANCIAL INC, 751 BROAD ST 4TH FL, NEWARK NJ 07102 |
| Maurice Hebert |
officer: Corporate Controller |
C/O WELLCARE HEALTH PLANS, INC., 8735 HENDERSON ROAD, TAMPA FL 33634 |
| Richard W Hanselman |
director |
21650 OXNARD STREET, 22ND FLOOR, WOODLAND HILLS CA 91367 |
| J Thomas Bouchard |
director |
5301 N IRONWOOD RD, MILWAUKEE WI 53217 |
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