13 Statistics on Days Cash on Hand in FY 2011

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.

: 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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