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Ardent Health Partners ARDT Minimum portfolio coverage ratio

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Other financials

Income statement

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Revenue$1.6B-1.4%
Gross profit$1.6B-1.6%
Net income$16.9M-76.8%
EPS (diluted)$0.12-76.9%

Balance sheet

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Cash & equivalents$724.5M+34.0%
Total debt$1.2B-0.6%
Total equity$1.4B+7.6%
Total assets$5.3B+5.0%

Cash flow

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Operating cash flow$196.7M+67.4%
CapEx$38.7M-16.3%
Free cash flow$158.1M+122%

Valuation

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Market cap$1.66B-3.9%
Enterprise value$2.08B-11.0%
P/E21.2×+14.4×
P/S0.3×0.0×

Profitability

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Gross margin97.4%-0.1pp
Net margin1.2%-2.9pp
FCF margin4.8%+3.0pp

Returns & leverage

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Return on equity6%-19.6pp
Debt / equity0.9×-0.1×
Current ratio2.1×0.0×

Where this comes from

Reported directly by Ardent Health Partners in its filing.

Tagged under the XBRL concept ardt:CovenantPortfolioCoverageRatioMinimum.

The source filing: Ardent Health Partners’s 10-K, filed March 16, 2026.

Filed
Mar 16, 2026, 4:13 PM EDT
Fiscal year
FY2025
Accession
0001628280-26-018174

The Ventas Master Lease includes a number of operating and financial restrictions on the Company, including requirements that the Company maintain a minimum portfolio coverage ratio of 2.2x and a guarantor fixed charge ratio of 1.2x and does not exceed a certain guarantor net leverage ratio of 6.75x. If the Company breaches its covenants under the terms of the Ventas Master Lease, and its related covenant agreements and amendments, the Company would be in default thereunder, and Ventas would have the right in certain circumstances to terminate the Ventas Master Lease and/or exercise a purchase option with respect to certain personal property

Item 16. Form 10-K Summary

FAQ

What is Ardent Health Partners's minimum portfolio coverage ratio?
Ardent Health Partners (ARDT) reported minimum portfolio coverage ratio of 220% in Q4 2025.
What does minimum portfolio coverage ratio mean?
A contractual financial ratio that measures the ability of a portfolio of assets to generate sufficient cash flow to cover debt service obligations. It is a critical indicator of financial health and compliance with debt agreements.

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