Comprehensive Healthcare Systems (TSXV:CHS) Net Current Asset Value : C$-0.07 (As of Sep. 2023)

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What is Comprehensive Healthcare Systems Net Current Asset Value?

In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Comprehensive Healthcare Systems's net current asset value per share for the quarter that ended in Sep. 2023 was C$-0.07.

The historical rank and industry rank for Comprehensive Healthcare Systems's Net Current Asset Value or its related term are showing as below:

During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Comprehensive Healthcare Systems was 1.53. The lowest was 0.35. And the median was 1.30.

TSXV:CHS's Price-to-Net-Current-Asset-Value is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 6.415
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Comprehensive Healthcare Systems Net Current Asset Value Historical Data

The historical data trend for Comprehensive Healthcare Systems's Net Current Asset Value 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 Net Current Asset Value Chart

Comprehensive Healthcare Systems Annual Data

Trend

Jan19

Jan20

Jan21

Dec22

Net Current Asset Value

0.03

0.20

0.16

-0.05

Comprehensive Healthcare Systems Quarterly Data
	Oct18	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Net Current Asset Value	Get a 7-Day Free Trial														-0.06	-0.05	-0.05	-0.06	-0.07

Competitive Comparison of Comprehensive Healthcare Systems's Net Current Asset Value

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

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

* The bar in red indicates where Comprehensive Healthcare Systems's Price-to-Net-Current-Asset-Value falls into.

Comprehensive Healthcare Systems Net Current Asset Value Calculation

Comprehensive Healthcare Systems's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2022 is calculated as

	Net Current Asset Value Per Share		(A: Dec. 2022 )
=	(Total Current Assets	-	Total Liabilities	-	Minority Interest	-	Preferred Stock)	/	Shares Outstanding (EOP)
=	(1.485	-	7.142	-	0	-	0)	/	104.304
=	-0.05

Comprehensive Healthcare Systems's Net Current Asset Value (NCAV) per share for the quarter that ended in Sep. 2023 is calculated as

	Net Current Asset Value Per Share		(Q: Sep. 2023 )
=	(Total Current Assets	-	Total Liabilities	-	Minority Interest	-	Preferred Stock)	/	Shares Outstanding (EOP)
=	(0.858	-	9.614	-	0	-	0)	/	124.023
=	-0.07

Comprehensive Healthcare Systems (TSXV:CHS) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.

Comprehensive Healthcare Systems Net Current Asset Value Related Terms

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