Page 372 - CEO Orientation
P. 372
The Network’s HSAA Current Ratio is 1.29 which meets the HSAA Performance Target and Corridor
of 0.8 – 1.2 as a floor. Site specific HSAA Current Ratios are:
PH : 2.17
SJHC : 0.59
SMH : 1.33
The Network’s cash and short-term investments position of $365M includes $75M of short-term
investments, which came to term at St. Michael’s Hospital. These funds are currently held in short-
term investment accounts. Removal of these investments from the Current Ratio calculation would
result in the Network’s current ratio being 1.0, which still meets the HSAA performance target.
8
