September Financials

NOAH’s performance is measured in several ways, including the number of patients we see, the comprehensive care we provide, and maintaining healthy financials. Here’s a look at the financials for September.

MetricTargetSeptember 20223 months ago6 months ago
Days Cash on Hand908279116
Current Ratio2.03.762.933.25
Operating Margin6%3%-2%10%

Days Cash on Hand: This measure dropped back 10 days this month.  September has three payroll cycles which pull a lot of cash.  In addition, we continue to have large investments in the new Cholla Health Center.

Current Ratio: NOAH’s Current Ratio remains strong indicating we have three times as many liquid assets to pay for our short-term cash needs.

Operating Margin: NOAH’s Operating Margin dropped to 3% for the year.  This was expected as encounters dropped when Heuser closed and Cholla has not opened yet. 

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