Certive Solutions (XCNQ:CBP) Debt-to-Equity : -0.50 (As of Feb. 2024)

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What is Certive Solutions Debt-to-Equity?

Certive Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$6.45 Mil. Certive Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$1.64 Mil. Certive Solutions's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$-16.04 Mil. Certive Solutions's debt to equity for the quarter that ended in Feb. 2024 was -0.50.

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 Certive Solutions's Debt-to-Equity or its related term are showing as below:

XCNQ:CBP' s Debt-to-Equity Range Over the Past 10 Years
Min: -18.93 Med: -0.73 Max: 33.08
Current: -0.5

During the past 13 years, the highest Debt-to-Equity Ratio of Certive Solutions was 33.08. The lowest was -18.93. And the median was -0.73.

XCNQ:CBP's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.485 vs XCNQ:CBP: -0.50

Certive Solutions Debt-to-Equity Historical Data

The historical data trend for Certive Solutions'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.

* Premium members only.

Certive Solutions Debt-to-Equity Chart

Certive Solutions Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

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-0.81

-0.80

-0.72

-0.64

-0.56

Certive Solutions Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															-0.56	-0.56	-0.54	-0.52	-0.50

Competitive Comparison of Certive Solutions's Debt-to-Equity

For the Health Information Services subindustry, Certive Solutions'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.

Certive Solutions's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Certive Solutions's Debt-to-Equity falls into.

Certive Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Certive Solutions's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(6.367	+	1.577)	/	-14.15
	=	-0.56

Certive Solutions's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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
	=	(6.446	+	1.643)	/	-16.042
	=	-0.50

Certive Solutions (XCNQ:CBP) 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.

Certive Solutions Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Certive Solutions's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Certive Solutions (XCNQ:CBP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Certive Solutions Inc (XCNQ:CBP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CTVEF:USA

Address

8149 North 87th Place, Scottsdale, AZ, USA, 85258

Website

https://www.certivehealth.com

Certive Solutions Inc is a service provider in the Revenue Cycle Management (RCM) segment of the United States healthcare industry. The company provides claims audit and recovery solutions. Along with its subsidiaries, the Titan and Omega divisions provide retrospective claim audits against payer contracts, identify underpayments, and rebill and collect revenues for hospital customers. Its lines of business include billing support, claim audit and recovery, consulting services and chargemaster/lost charge recovery. The Company currently provides services to hospital clients enhancing the efficiency and effectiveness of lost charge recovery services, in revenue-sharing relationships that improve hospital clients' net operating results.

Executives

Scott Thomas

Director

Certive Solutions (XCNQ:CBP) Headlines

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