CareRx (TSX:CRRX) Debt-to-Asset : 0.43 (As of Mar. 2024)

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What is CareRx Debt-to-Asset?

CareRx's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$15.2 Mil. CareRx's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$82.0 Mil. CareRx's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$228.0 Mil. CareRx's debt to asset for the quarter that ended in Mar. 2024 was 0.43.

CareRx Debt-to-Asset Historical Data

The historical data trend for CareRx's Debt-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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CareRx Debt-to-Asset Chart

CareRx Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.73

0.53

0.47

0.51

0.42

CareRx Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.50	0.51	0.51	0.42	0.43

Competitive Comparison of CareRx's Debt-to-Asset

For the Medical Care Facilities subindustry, CareRx's Debt-to-Asset, along with its competitors' market caps and Debt-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.

CareRx's Debt-to-Asset Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where CareRx's Debt-to-Asset falls into.

CareRx Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

CareRx's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(12.72	+	85.144)	/	231.893
	=	0.42

CareRx's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(15.224	+	81.99)	/	228.032
	=	0.43

CareRx (TSX:CRRX) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

CareRx Debt-to-Asset Related Terms

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CareRx (TSX:CRRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CareRx Corp (TSX:CRRX) » Definitions » Debt-to-Asset

Comparable Companies

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CHHHF:USA

Address

320 Bay Street, Suite 1200, Toronto, ON, CAN, M5H 4A6

Website

https://www.carerx.ca

CareRx Corp is a provider of specialty pharmacy services to seniors. The company is a national organization with a large network of pharmacy fulfilment centers strategically located across the country. This allows it to deliver medications in a timely and cost-effective manner and quickly respond to routine changes in medication management. It takes an active role in working with its home operator partners to promote resident health, staff education, and medication system quality and efficiency. Geographically it derives revenue from the sales of goods and capitated service fees in Ontario and Western Canada.

Executives

Kevin Dalton

Director

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