Event-Driven Stocks

American Renal Associates Holdings, Inc.

Healthcare · Services-Misc Health & Allied Services, NEC · DE · SEC filings ↗ · Compare ⊕

Signs● 4 good● 2 warning● 3 severedetails ↓

Financials

SEC XBRL · annual
 FY19FY18FY17FY16FY15
Revenue$191.8M$186.3M———
Operating income$2.6M$12.6M$90.2M$48.8M$150.8M
Net income−$10.5M−$3.8M−$4.6M$6.5M$18.8M
Total assets$1.09B$985.8M$1.02B$993.1M$938.3M
Total liabilities$875.8M$746.8M$704.7M$797.0M$779.4M
Equity−$79.5M−$59.0M−$37.9M−$31.1M−$123.2M
EPS (diluted)$-0.35$-0.10$-0.52$0.29$0.83
Shares out.32.6M32.0M30.9M29.8M22.2M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2019
Operating margin
1.4%
Net margin
−5.5%
Return on equity
13.2%
Return on assets
−1.0%
Return on capital (ROCE)
0.3%
Liabilities / assets
80.6%
Debt / equity
—
Book value / share
$-2.44
Revenue growth (YoY)
2.9%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2019
Altman Z″ (distress)
-0.44distress
Accruals / assets
−4.5%clean
Piotroski F-Score
3/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
64
/ 100
Profitability 60Growth 100Catalyst 33Earnings quality 100Financial strength 25

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 3 severe● 2 warning● 4 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Reported a net loss
  • High leverage (liabilities > 70% of assets)
  • Operating margin is positive
  • Revenue is growing year-over-year
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)