AMSG Amsurg Corp.

Exchange

NASDAQ

Sector

Health Care

Industry

Medical/Nursing Services

Market Cap.

1.155B

Weak Balance Sheet

AMSG's financial position is not ideal. The key is to check whether AMSG is using debt to fuel its growth and the sustainability of that tendency. Highly capital intensive businesses (see Economic Moat) follow this route, which can deeply impact the future prospects of the business.

Figures in USD. Fiscal year ends in December

	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011
Cash	13.32M	14.26M	14.99M	22.77M	20.08M	29.95M	31.55M	29.38M	34.15M	40.72M
Current Assets	53.16M	63.16M	73.32M	87.67M	94.00M	117.98M	121.86M	122.77M	132.96M	173.22M
Total Assets	299.81M	356.19M	425.16M	527.82M	590.03M	781.63M	905.88M	1.06B	1.17B	1.57B
Current Liabilities	15.75M	17.15M	17.02M	26.60M	27.41M	34.19M	36.36M	42.28M	43.56M	63.65M
Total Liabilities	83.45M	123.29M	171.01M	233.20M	246.92M	370.41M	445.45M	553.64M	601.81M	956.77M
Stockholder' Equity	216.36M	232.90M	254.15M	294.62M	343.11M	411.23M	460.43M	505.12M	564.07M	616.25M
Current Ratio	3.38	3.68	4.31	3.30	3.43	3.45	3.35	2.90	3.05	2.72
TL-to-TA	0.28	0.35	0.40	0.44	0.42	0.47	0.49	0.52	0.52	0.61

Consistent Reinvestment of Profits over the past 10 years

AMSG has consistently retained profits. This may put AMSG in a strong position to invest for the future, by buying new machinery, investing in R&D or a number of other options. By effectively using these earnings, AMSG can greatly improve their long-term economic picture.

Figures in USD. Fiscal year ends in December

	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011
Retained Earnings	57.78M	87.91M	127.61M	162.76M	200.50M	244.04M	291.09M	343.24M	393.06M	443.06M
Retained Earnings Growth	-	52.14%	45.17%	27.55%	23.19%	21.72%	19.28%	17.91%	14.52%	12.72%