Comprehensive Healthcare Systems (TSXV:CHS) Debt-to-Equity : -0.39 (As of Sep. 2023)

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What is Comprehensive Healthcare Systems Debt-to-Equity?

Comprehensive Healthcare Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$1.29 Mil. Comprehensive Healthcare Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$1.69 Mil. Comprehensive Healthcare Systems's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-7.67 Mil. Comprehensive Healthcare Systems's debt to equity for the quarter that ended in Sep. 2023 was -0.39.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Comprehensive Healthcare Systems's Debt-to-Equity or its related term are showing as below:

TSXV:CHS' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.04 Med: -0.55 Max: 2.91
Current: -0.39

During the past 4 years, the highest Debt-to-Equity Ratio of Comprehensive Healthcare Systems was 2.91. The lowest was -4.04. And the median was -0.55.

TSXV:CHS's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.49 vs TSXV:CHS: -0.39

Comprehensive Healthcare Systems Debt-to-Equity Historical Data

The historical data trend for Comprehensive Healthcare Systems's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Comprehensive Healthcare Systems Debt-to-Equity Chart

Comprehensive Healthcare Systems Annual Data

Trend

Jan19

Jan20

Jan21

Dec22

Debt-to-Equity

-0.62

Comprehensive Healthcare Systems Quarterly Data
	Oct18	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial														-0.53	-0.62	-0.56	-0.48	-0.39

Competitive Comparison of Comprehensive Healthcare Systems's Debt-to-Equity

For the Health Information Services subindustry, Comprehensive Healthcare Systems's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Comprehensive Healthcare Systems's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Comprehensive Healthcare Systems's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Comprehensive Healthcare Systems's Debt-to-Equity falls into.

Comprehensive Healthcare Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Comprehensive Healthcare Systems's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.983	+	0.678)	/	-4.275
	=	-0.62

Comprehensive Healthcare Systems's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.29	+	1.69)	/	-7.668
	=	-0.39

Comprehensive Healthcare Systems (TSXV:CHS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Comprehensive Healthcare Systems Debt-to-Equity Related Terms

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