Performant Financial (Performant Financial) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Performant Financial Debt-to-Equity?

Performant Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.3 Mil. Performant Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.3 Mil. Performant Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $80.7 Mil. Performant Financial's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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 Performant Financial's Debt-to-Equity or its related term are showing as below:

PFMT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.59 Max: 1.57
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Performant Financial was 1.57. The lowest was 0.07. And the median was 0.59.

PFMT's Debt-to-Equity is ranked better than
83.55% of 930 companies
in the Business Services industry
Industry Median: 0.4 vs PFMT: 0.07

Performant Financial Debt-to-Equity Historical Data

The historical data trend for Performant Financial'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.

Performant Financial Debt-to-Equity Chart

Performant Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.30

1.57

0.28

0.25

0.07

Performant Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.25	0.15	0.15	0.15	0.07

Competitive Comparison of Performant Financial's Debt-to-Equity

For the Specialty Business Services subindustry, Performant Financial'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.

Performant Financial's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Performant Financial's Debt-to-Equity distribution charts can be found below:

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

Performant Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Performant Financial's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0.25	+	5.295)	/	80.707
	=	0.07

Performant Financial's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.25	+	5.295)	/	80.707
	=	0.07

Performant Financial (NAS:PFMT) 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.

Performant Financial Debt-to-Equity Related Terms

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

Performant Financial (Performant Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Performant Financial Corp (NAS:PFMT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 North Canyons Parkway, Livermore, CA, USA, 94551

Website

https://www.performantcorp.com

Performant Financial Corp provides technology-enabled recovery and related analytics services in the United States. The company provides its services on an outsourced basis where it handles many or all aspects of its clients' recovery processes. It uses technology-enabled services platform to provide recovery and analytics services in a range of markets for the identification and recovery of student loans, improper healthcare payments and delinquent state tax and federal treasury receivables. The services are primarily offered across a broad range of government and private clients in several markets. The revenue generated here is generally on success-based as it earns fees based on a percentage of the aggregate amount of funds that it enables the clients to recover.

Executives

Prescott Group Capital Management, L.l.c.	10 percent owner	1924 SOUTH UTICA, SUITE 1120, TULSA OK 74104-6429
Rohit Ramchandani	officer: Chief Financial Officer	333 NORTH CANYONS PARKWAY, LIVERMORE CA 94551
Ecmc Group, Inc.	10 percent owner	1 IMATION PLACE, BLDG 2, SUITE 392A, OAKDALE MN 55128
Pcp Managers Gp, Llc	10 percent owner	FOUR EMBARCADERO CENTER, SUITE 3610, SAN FRANCISCO CA 94111
Parthenon Dcs Holdings, Llc	10 percent owner	C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94111
Eric Yanagi	director	400 OYSTER POINT BOULEVARD, SUITE 526, SOUTH SAN FRANCISCO CA 94080
Pcp Managers, L.p.	10 percent owner	C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SUITE 3610, SAN FRANCISCO CA 94111
Pcap Ii, Llc	10 percent owner	C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94111
Pcap Partners Ii, Llc	10 percent owner	C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94111
Parthenon Investors Ii. L.p.	10 percent owner	C/O PARTHENON CAPITAL PARTNERS, 400 EMBARCADERO CENTER, SAN FRANCISCO CA 94111
James Lacamp	director	333 NORTH CANYONS PARKWAY, LIVERMORE CA 94551
Prescott Group Aggressive Small Cap Lp	10 percent owner	1924 SOUTH IRICA SUITE 1120, TULSA OK 741046529
Prescott Group Aggressive Small Cap Master Fund Gp	10 percent owner	1924 S UTICA SUITE # 1120, TULSA OK 74104-6529
Prescott Group Aggressive Small Cap Ii Lp	10 percent owner	1924 S UTICA SUITE # 1120, TULSA OK 74104-6529
Phil Frohlich	10 percent owner	1924 SOUTH IRICA SUITE 1120, TULSA OK 741046529