FINANCIAL DATA ANALYSIS

Financial Data Analysis

Financial Data Analysis

Patton fuller Hospital

Analysis of Financial Statements

Introduction

This report aims to analyze the financial position of Patton fuller Hospital. The analysis shall be based on the most recent audited annual financial statements available for Patton fuller .The analysis will not take into account the half yearly and quarterly financial data and updates issued. The scope of analysis shall be limited to the financial strengths and weakness of the company through its financial statements of the last year and previous years.

Trend Analysis of the Balance Sheet

Assets

 

 

 

 

Current Assets

 

Cash and Cash Equivalents

$22,995.00

$41,851.00

($18,856.00)

-45.06%

Assets of Limited use

$27,594.00

$41,851.00

($14,257.00)

-34.07%

Patient's Accounts Receivable

$59,787.00

$37,666.00

$22,121.00

58.73%

Other Receivables

$0.00

$87.00

($87.00)

-100.00%

Inventories

$18,396.00

$8,370.00

$10,026.00

119.78%

Prepaid Expenses

$95.00

$201.00

($106.00)

-52.74%

Total Current Assets

$128,867.00

$130,026.00

($1,159.00)

-0.89%

Other Assets

 

Funded Depreciation

$137,970.00

$167,404.00

($29,434.00)

-17.58%

Held under bond indenture

$73,584.00

$75,332.00

($1,748.00)

-2.32%

Property, Plant & Equipment, net

$248,346.00

$175,774.00

$72,572.00

41.29%

Total Assets

$588,767.00

$548,536.00

$40,231.00

7.33%

As we observe the balance sheet of Patton fuller Hospital for the years 2008 &2009, we observe a slight decrease in their current assets; the major reason for this decrease is the major drop in cash and cash equivalents which goes up to 45% of decline. The Fixed Assets demonstrate a slight increase, majorly an addition in the property, plants and equipment portion.

The Current Liabilities of Patton Fuller Hospital show a phenomenal increase, the reasons for this increase are majorly the current portion of long term debts as well as the accounts payables and accrued expenses. The Long term liabilities also show 113% of increase, this depicts that the hospital is majorly relying on debt financing to run their day to day operations. The equity portion also shows a noticeable decline majorly showing that a big part of retained earning s is also taken out to meet the operational requirement of the hospital finances.

Trend Analysis of the Statement of Revenue & Expenses

Liabilities and Equity

 

 

 

 

Current Liabilities

 

Current portion of Long term debt

$14,599.00

$4,185.00

10,414.00

248.84%

Accounts payable, accrued expenses

$9,189.00

$4,185.00

5,004.00

119.57%

Bond Interest Payable

$10.00

$10.00

 

 

Total Current Liabilities

$23,798.00

$8,380.00

15,418.00

183.99%

Other Liabilities

 

Long term debt

$452,945.00

$209,255.00

243,690.00

116.46%

less: Current portion of Long term debt

$14,599.00

$4,185.00

10,414.00

248.84%

Net long term debt

$438,346.00

$205,070.00

233,276.00

113.75%

Total Liabilities

$462,144.00

$213,450.00

248,694.00

116.51%

Equity

 

Common Stock

$50.00

$50.00

0.00

0.00%

Retained Earnings

$126,564.00

$335,035.00

(208,471.00)

-62.22%

Total Liabilities and Equity

$588,758.00

$548,535.00

40,223.00

7.33%

Looking at the Statement of Revenue & Expenses we first of all look at the revenues, both the patient revenue and the other revenue show around 10 percent of increase which is a positive sign.

However when we analyze the ...