MODV (ModivCare) Debt-to-Equity : -33.85 (As of Dec. 2024)

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What is ModivCare Debt-to-Equity?

ModivCare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $283 Mil. ModivCare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $1,019 Mil. ModivCare's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $-38 Mil. ModivCare's debt to equity for the quarter that ended in Dec. 2024 was -33.85.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for ModivCare's Debt-to-Equity or its related term are showing as below:

MODV' s Debt-to-Equity Range Over the Past 10 Years
Min: -33.85 Med: 0.44 Max: 7.3
Current: -33.85

During the past 13 years, the highest Debt-to-Equity Ratio of ModivCare was 7.30. The lowest was -33.85. And the median was 0.44.

MODV's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.44 vs MODV: -33.85

ModivCare Debt-to-Equity Historical Data

The historical data trend for ModivCare's Debt-to-Equity 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.

ModivCare Debt-to-Equity Chart

ModivCare Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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1.26

2.73

2.88

7.30

-33.85

ModivCare Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															7.30	8.46	127.23	-74.27	-33.85

Competitive Comparison of ModivCare's Debt-to-Equity

For the Medical Care Facilities subindustry, ModivCare's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

ModivCare's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, ModivCare's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ModivCare's Debt-to-Equity falls into.

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ModivCare Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ModivCare's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(282.866	+	1019.341)	/	-38.474
	=	-33.85

ModivCare's Debt to Equity Ratio for the quarter that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(282.866	+	1019.341)	/	-38.474
	=	-33.85

ModivCare (NAS:MODV) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

ModivCare Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of ModivCare's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

ModivCare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » ModivCare Inc (NAS:MODV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PRF0:Germany PRF0:Germany

Address

6900 E Layton Avenue, 12th Floor, Denver, CO, USA, 80237

Website

https://www.modivcare.com

ModivCare Inc is a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions for payors and their members. Its solutions address the social determinants of health (SDoH) by connecting members to essential care services. Its various service offerings include non-emergency medical transportation, personal care, virtual and remote monitoring, consumer health engagement, and integrated supportive care. The company's reportable segments are NEMT, PCS, Monitoring, and Corporate and Other. A majority of its revenue is generated from the NEMT segment, which provides non-emergency medical transportation services.

Executives

Coliseum Capital Management, Llc	director, 10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Barbara Gutierrez	officer: Chief Financial Officer	8950 E. LOWRY BLVD., DENVER CO 80230
L Heath Sampson	officer: Chief Financial Officer	C/O ADVANCED EMISSIONS SOLUTIONS, INC., 9135 S RIDGELINE BLVD STE 200, HIGHLANDS RANCH CO 80129
Henry Toledo	officer: Chief People Officer	6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237
Jessica Kral	officer: Chief Information Officer	6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237
Anne E, Bailey	officer: President, Home Division	6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237
Rebecca Orcutt	officer: VP, Chief Accounting Officer	6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237
Brett M. Hickman	officer: Chief Commercial Officer	6900 LAYTON AVENUE, SUITE 1200, DENVER CO 80237
Ilias Simpson	officer: President, Transportation	6900 LAYTON AVENUE, SUITE 1200, DENVER CO 80237
Jason E Anderson	officer: President of ModivCare Home	6900 LAYTON AVENUE, SUITE 1200, DENVER CO 80237
Grover Wray	officer: Chief Human Resources Officer	DIGITALGLOBE, INC., 1300 WEST 120TH AVENUE, WESTMINSTER CO 80234
Daniel E Greenleaf	director, officer: CEO and President	C/O NABI BIO PHARMACEUTICALS, 5800 PARK OF COMMERCE BLVD., N.W., BOCA RATON FL 33487
Jonathan B Bush	officer: SVP, GC and Secretary	6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237
Kenneth Shepard	officer: Vice President, CAO	6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237
Stacy Saal	director	4700 SOUTH SYRACUSE STREET, 4TH FLOOR, DENVER CO 80237