Stevens Hospital Ratio Analysis Indicator Ratio Computations Industry 200 2007 Standards Trend Standard S&P "A" Profitability Rated Hosp Total Margin % 3.21 1.68 NA F NA Excess margin % 3.29 1.73 3.70% F T U Operating margin % (1.02] N'A F NA Return on net assets (equity) % 18.92 11.41 4.70% F F Liquidity Current ratio 1.23 1.34 2.08 UU Days in Patient Accounts Receivable 50.71 60.64 59.20 F F Days cash on hand, short-term sources 23.85 23.07 23.80 F F Days cash on hand, all sources 40.94 31.53 104.60 F Average payment period 85.93 70.09 47.50 U U Capital Structure (Debt Management) Net asset financing % 28.86 23.22 59.50% F U Long-term debt to capitalization% 47.29 63.11 28.30% F U Debt service coverage 1.60 1.74 5.14 U Cash flow to debt % 18.50 13.13 19.50% F U Asset Efficiency (Activity) Total Asset Turnover 1.70 1.58 0.90 F F Fixed Asset Tumover 4.25 3.79 1.78 F F Current Asset Turnover 3.72 4.11 3.89 U U Average Age of Plant N/A N'A 8.09 NA NA Inventory Turnover 66.44 63.57 77.85 F U