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Medpace Holdings, Inc. MEDP Foreign — Cash And Cash Equivalents At Carrying Value

Discontinued — last reported Q4 '18

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Other financials

Income statement

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Revenue$706.6M+26.5%
Operating income$141.5M+24.6%
Net income$123.9M+8.1%
EPS (diluted)$4.28+16.6%

Balance sheet

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Cash & equivalents$652.7M+47.9%
Total debt$146.1M-2.8%
Total equity$598.3M+0.8%
Total assets$2.1B+12.2%

Cash flow

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Operating cash flow$151.8M+20.6%
CapEx$6.8M-31.8%
Free cash flow$145.0M+25.1%

Valuation

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Market cap$13.14B+46.8%
Enterprise value$12.64B+45.9%
P/E28.6×+7.0×
P/S4.9×+0.8×

Profitability

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Operating margin21%-0.1pp
Net margin17.2%-2.1pp
FCF margin26.5%+1.5pp

Returns & leverage

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Return on equity77.3%+11.4pp
Debt / equity0.2×0.0×
Current ratio0.8×+0.1×

Where this comes from

Reported directly by Medpace Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue.

The official record: Medpace Holdings, Inc.’s 10-K, filed February 25, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does foreign — cash and cash equivalents at carrying value mean?
The amount of cash and liquid assets held by the company's international business units outside of its home country.
How do you interpret foreign — cash and cash equivalents at carrying value?
An increase suggests growing international operations or a strategic decision to retain earnings abroad, while a decrease may indicate capital repatriation or the utilization of foreign cash to fund global operational expenses.
How does foreign — cash and cash equivalents at carrying value compare across companies?
Peers in the global CRO industry typically hold significant cash balances in foreign jurisdictions to match the currency requirements of international clinical trial sites and local regulatory compliance needs.