PIII (P3 Health Partners) Cash-to-Debt : 0.44 (As of Sep. 2024)

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What is P3 Health Partners Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. P3 Health Partners's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.44.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, P3 Health Partners couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for P3 Health Partners's Cash-to-Debt or its related term are showing as below:

PIII' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.43 Max: 1.56
Current: 0.44

During the past 6 years, P3 Health Partners's highest Cash to Debt Ratio was 1.56. The lowest was 0.06. And the median was 0.43.

PIII's Cash-to-Debt is ranked worse than
61.08% of 668 companies
in the Healthcare Providers & Services industry
Industry Median: 0.755 vs PIII: 0.44

P3 Health Partners Cash-to-Debt Historical Data

The historical data trend for P3 Health Partners's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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P3 Health Partners Cash-to-Debt Chart

P3 Health Partners Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.55

0.74

1.56

0.17

0.30

P3 Health Partners Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial														0.43	0.30	0.21	0.50	0.44

Competitive Comparison of P3 Health Partners's Cash-to-Debt

For the Medical Care Facilities subindustry, P3 Health Partners's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

P3 Health Partners's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, P3 Health Partners's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where P3 Health Partners's Cash-to-Debt falls into.

P3 Health Partners Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

P3 Health Partners's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	36.32	/	(0	+	121.941)
	=	0.30

P3 Health Partners's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	62.962	/	(0.208	+	144.386)
	=	0.44

P3 Health Partners (NAS:PIII) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

P3 Health Partners Cash-to-Debt Related Terms

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P3 Health Partners Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » P3 Health Partners Inc (NAS:PIII) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2370 Corporate Circle, Suite 300, Henderson, NV, USA, 89074

Website

https://www.p3hp.org

P3 Health Partners Inc is a patient-centered and physician-led population health management company. P3's model aggregates and supports the community's existing healthcare resources to build a network of community providers working together to deliver coordinated and integrated care to patients with a shared commitment to improving patient outcomes, lowering cost, and delivering experience for all.

Executives

Chicago Pacific Founders Ugp Iii, Llc	10 percent owner	980 NORTH MICHIGAN AVENUE, SUITE 1998, CHICAGO IL 60611
Atul Kavthekar	officer: Chief Financial Officer	4100 S. SAGINAW STREET, FLINT MI 48507
Sherif Abdou	director, officer: Chief Executive Officer	C/O P3 HEALTH GROUP HOLDINGS, LLC, 2370 CORPORATE CIRCLE, SUITE 300, HENDERSON NV 89074
Chicago Pacific Founders Gp Iii, L.p.	10 percent owner	980 NORTH MICHIGAN AVENUE, SUITE 1998, CHICAGO IL 60611
Chicago Pacific Founders Ugp, Llc	10 percent owner	980 N. MICHIGAN AVENUE, SUITE 1998, CHICAGO IL 60611
Leavitt Equity Partners Ii, L.p.	10 percent owner	299 SOUTH MAIN STREET SUITE 2300, SALT LAKE CITY UT 84111
Leavitt Legacy, Llc	10 percent owner	299 SOUTH MAIN STREET, SUITE 2300, SALT LAKE CITY UT 84111
Leavitt Equity Partners Ii, Llc	10 percent owner	299 SOUTH MAIN STREET SUITE 2300, SALT LAKE CITY UT 84111
Lep Management Llc	10 percent owner	299 SOUTH MAIN STREET, SUITE 2300, SALT LAKE CITY UT 84111
Taylor S. Leavitt	10 percent owner	299 SOUTH MAIN STREET, SUITE 2300, SALT LAKE CITY UT 84111
Leavitt Equity Partners Iii, L.p.	10 percent owner, other: See Remarks	299 SOUTH MAIN STREET, SUITE 2300, SALT LAKE CITY UT 84111
Leavitt Equity Partners Iii, Llc	10 percent owner, other: See Remarks	299 SOUTH MAIN STREET, SUITE 2300, SALT LAKE CITY UT 84111
Cpf Iii-a Pt Spv, Llc	10 percent owner	980 NORTH MICHIGAN AVENUE, SUITE 1998, CHICAGO IL 60611
Cpf Iii Pt Spv, Llc	10 percent owner	980 NORTH MICHIGAN AVENUE, SUITE 1998, CHICAGO IL 60611
Erin Darakjian	officer: Interim CFO, Senior VP & CAO	C/O P3 HEALTH PARTNERS INC., 2370 CORPORATE CIRCLE, SUITE 300, HENDERSON NV 89074