Here is the average common size balance sheet for orthopedic-driven ASCs (facilities with greater than 50 percent of their case volume in orthopedics), according to VMG Health's 2009 Intellimarker. The balance sheet is broken down into assets, liabilities and equity, and includes the percentages associated with each item.
Assets
Cash and equivalents: 21.1 percent
Net accounts receivable: 21.0 percent
Other current assets: 6 percent
(Total current assets = 42.8 percent)
Gross property, plant, and equipment (PP&E): 94.7 percent
Accumulated depreciation: -47.1 percent
(Net PP&E = 47.7 percent)
Other assets: 12.3 percent
Liabilities
Current liabilities: 11.5 percent
Current portion of long-term debt: 8.7 percent
(Total current liabilities = 15.3 percent)
Total long-term debt: 36.3 percent
(Total liabilities = 43.5 percent)
Equity
Shareholders' equity = 56.5 percent
Information comes from VMG Health's Intellimarker benchmarking study. VMG Health is a leading valuation and transaction advisory firm in healthcare. To receive a complimentary copy of VMG Health's 2009 Intellimarker, click here.