Fonar Corporation

NASDAQ FONR

Download Data

Fonar Corporation Cash Flow Coverage Ratio 1 year YoY Change (%) for the Trailing 12 Months (TTM) ending March 31, 2024: 137.71%

Fonar Corporation Cash Flow Coverage Ratio 1 year YoY Change (%) is 137.71% for the Trailing 12 Months (TTM) ending March 31, 2024, a 100.99% change year over year. The cash flow coverage ratio evaluates a company's ability to cover its interest expense with its operating cash flow after deducting capital expenditures. It is calculated by dividing the difference between operating cash flow and capital expenditures by interest expense. This ratio indicates the company's ability to generate enough cash flow to service its interest payments. A higher ratio signifies better coverage and financial stability. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.
  • Fonar Corporation Cash Flow Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 125.04, a 68.51% change year over year.
  • Fonar Corporation Cash Flow Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 74.20, a -69.44% change year over year.
  • Fonar Corporation Cash Flow Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 242.81, a 44.10% change year over year.
  • Fonar Corporation Cash Flow Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 168.50, a 2.20% change year over year.
NASDAQ: FONR

Fonar Corporation

CEO Mr. Timothy R. Damadian
IPO Date Jan. 1, 1987
Location United States
Headquarters 110 Marcus Drive, Melville, NY, United States, 11747
Employees 561
Sector Healthcare
Industry Diagnostics & research
Description

FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services. It provides Upright MRI scanner that allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down. The company also offers non-medical management, including administrative services, billing and collection services, credentialing services, contract negotiations, compliance consulting, purchasing IT services, hiring, conducting interviews, training, supervision and management of non-medical personnel, storage of medical records, office space, equipment, repair maintenance services, accounting, assistance with compliance matters, and development and implementation of practice growth and marketing strategies. It owns and operates diagnostic imaging facilities in Florida; and manages MRI scanning facilities. The company markets its scanners to private diagnostic imaging centers and hospital outpatient imaging facilities. FONAR Corporation was founded in 1970 and is based in Melville, New York.

Similar companies

SERA

Sera Prognostics Inc

NA

NA

OLK

Olink Holding AB ADR

NA

NA

XGN

Exagen Inc

NA

NA

BDSX

Biodesix Inc

NA

NA

ENZ

Enzo Biochem Inc

NA

NA

StockViz Staff

September 19, 2024

Any question? Send us an email