Comprehensive Healthcare Systems (TSXV:CHS) Equity-to-Asset : -3.94 (As of Sep. 2023)

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What is Comprehensive Healthcare Systems Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Comprehensive Healthcare Systems's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-7.67 Mil. Comprehensive Healthcare Systems's Total Assets for the quarter that ended in Sep. 2023 was C$1.95 Mil. Therefore, Comprehensive Healthcare Systems's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -3.94.

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

TSXV:CHS' s Equity-to-Asset Range Over the Past 10 Years
Min: -3.94 Med: 0.9 Max: 1
Current: -3.94

During the past 4 years, the highest Equity to Asset Ratio of Comprehensive Healthcare Systems was 1.00. The lowest was -3.94. And the median was 0.90.

TSXV:CHS's Equity-to-Asset is ranked worse than
97.19% of 676 companies
in the Healthcare Providers & Services industry
Industry Median: 0.46 vs TSXV:CHS: -3.94

Comprehensive Healthcare Systems Equity-to-Asset Historical Data

The historical data trend for Comprehensive Healthcare Systems's Equity-to-Asset 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 Equity-to-Asset Chart

Comprehensive Healthcare Systems Annual Data

Trend

Jan19

Jan20

Jan21

Dec22

Equity-to-Asset

0.69

0.98

0.96

-1.49

Comprehensive Healthcare Systems Quarterly Data
	Oct18	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial														-2.85	-1.49	-1.74	-3.37	-3.94

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

For the Health Information Services subindustry, Comprehensive Healthcare Systems's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution in the Healthcare Providers & Services Industry

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

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

Comprehensive Healthcare Systems Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	-4.275	/	2.866
	=	-1.49

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

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-7.668	/	1.946
	=	-3.94

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

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Comprehensive Healthcare Systems Equity-to-Asset Related Terms

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