NantHealth, Inc.

Healthcare industry giant NantHealth, Inc., a cloud-based IT company, is experiencing some major distress. In this report, we diagnose their dangerous dealings in debt and what you can do as a creditor or a supplier to avoid risk.

Based in California, the company's self-described mission is to "leverage the latest advancements in precision medicine and software technology to enable true value-based care." In spite of their standing as an innovator in medical tech, the company has struggled to maintain financial health and has buoyed their existence by loading up on debt. CreditRiskMonitor®'s FRISK® score - 96% accurate in predicting U.S. public company bankruptcy risk across a 12-month horizon - currently pegs NantHealth with a score of "1." This means that per our analysis, they possess 10-to-50 times more bankruptcy risk potential than the average American public company:

Nanthealth FRISK image

This High Risk Report details the issues plaguing what would otherwise be deemed a healthy company that pays its bills on time. Recent quarterly performance ratios show, as one example, NantHealth's operating and net losses in each of the last five fiscal quarters. They also illustrate a company with very poor interest coverage ratio and negative free cash flow.

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Our FRISK® score model incorporates four powerful risk inputs:

  • “Merton”-type model of stock market capitalization and volatility
  • Financial ratios, including those used in the Altman Z”-Score Model
  • Bond agency ratings from Fitch, Moody's, and DBRS Morningstar
  • Website click pattern data from CreditRiskMonitor® subscribers, representing key credit decision-makers at more than 35% of current Fortune 1000 companies plus thousands of other large companies worldwide

Since the start of 2017, the FRISK® score’s rate of success in capturing public company bankruptcy is 96%: 235 identified out of 243 bankruptcies. In any given year, you can count on one hand the times we miss – and in those outlier cases, the circumstances deal with unusual, unforeseen events such as natural disasters and CEO fraud.

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About High Risk Reports

Our High Risk Reports feature companies that are exhibiting a significantly high level of financial distress, as indicated by our proprietary FRISK® score.

The reports highlight the factors that have pushed a company's score lower on the "1" (worst) to "10" (best) FRISK® score, which is 96% accurate in predicting bankruptcy over a 12-month period. The High Risk Reports also includes analysis on financial indicators such as the company’s DBT index, stock performance, financial ratios and how it is performing relative to its industry peers.

The ultimate goal of the High Risk Report series is two-part: provide an early warning for those doing business with an increasingly distressed company and inform of the many signals that should be examined when assessing financial risks.