13 Statistics on Days Cash on Hand in FY 2011

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Liquidity at today's hospital is of utmost importance, both in the eyes of the CFO and credit rating agencies.

More specifically, days cash on hand is a common metric that gives a snapshot of how many days of operating expenses a non-profit hospital could pay with its current cash available. Here are 13 statistics on hospital days cash on hand from Moody's Investors Service's recent fiscal year 2011 report.


Note
: The following data are based on audited financial statements for 400 hospitals and single-state health systems within Moody's database.

•    Overall median days cash on hand: 165
•    Overall mean DCOH: 183.1
•    Maximum recorded DCOH in Moody's sample: 521
•    Minimum recorded DCOH in Moody's sample: 10.9
•    Median DCOH for "Aa2"-rated hospitals: 277.8
•    Median DCOH for "Aa3"-rated hospitals: 235.5
•    Median DCOH for "A1"-rated hospitals: 204.4
•    Median DCOH for "A2"-rated hospitals: 194.6
•    Median DCOH for "A3"-rated hospitals: 168.5
•    Median DCOH for "Baa1"-rated hospitals: 133
•    Median DCOH for "Baa2"-rated hospitals: 124.9
•    Median DCOH for "Baa3"-rated hospitals: 108.5
•    Median DCOH for hospitals with ratings below "Baa": 76.4

More Articles on Days Cash on Hand:

Credit Downgrades: How Could They Impact a Hospital's Capital Structure?

Why Cash is King: Q&A With Dawn Javersack, CFO of Boca Raton Regional Hospital

8 Tips to Improve Your Hospital's Operating Margin

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