Comprehensive Healthcare Systems (TSXV:CHS) LT-Debt-to-Total-Asset : 0.87 (As of Sep. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Comprehensive Healthcare Systems LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Comprehensive Healthcare Systems's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.87.

Comprehensive Healthcare Systems's long-term debt to total assets ratio increased from Sep. 2022 (0.30) to Sep. 2023 (0.87). It may suggest that Comprehensive Healthcare Systems is progressively becoming more dependent on debt to grow their business.

Comprehensive Healthcare Systems LT-Debt-to-Total-Asset Historical Data

The historical data trend for Comprehensive Healthcare Systems's LT-Debt-to-Total-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.

* Premium members only.

Comprehensive Healthcare Systems LT-Debt-to-Total-Asset Chart

Comprehensive Healthcare Systems Annual Data

Trend

Jan19

Jan20

Jan21

Dec22

LT-Debt-to-Total-Asset

0.24

Comprehensive Healthcare Systems Quarterly Data
	Oct18	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.30	0.24	0.18	0.56	0.87

Comprehensive Healthcare Systems LT-Debt-to-Total-Asset Calculation

Comprehensive Healthcare Systems's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.678	/	2.866
	=	0.24

Comprehensive Healthcare Systems's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	1.69	/	1.946
	=	0.87

Comprehensive Healthcare Systems (TSXV:CHS) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Comprehensive Healthcare Systems LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Comprehensive Healthcare Systems's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.