PHLT (Performant Healthcare) Debt-to-Equity : 0.11 (As of Mar. 2025)

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What is Performant Healthcare Debt-to-Equity?

Performant Healthcare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $0.2 Mil. Performant Healthcare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $8.7 Mil. Performant Healthcare's Total Stockholders Equity for the quarter that ended in Mar. 2025 was $78.1 Mil. Performant Healthcare's debt to equity for the quarter that ended in Mar. 2025 was 0.11.

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

PHLT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.54 Max: 1.93
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Performant Healthcare was 1.93. The lowest was 0.07. And the median was 0.54.

PHLT's Debt-to-Equity is ranked better than
75.44% of 562 companies
in the Healthcare Providers & Services industry
Industry Median: 0.415 vs PHLT: 0.11

Performant Healthcare Debt-to-Equity Historical Data

The historical data trend for Performant Healthcare'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.

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Performant Healthcare Debt-to-Equity Chart

Performant Healthcare Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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1.57

0.28

0.25

0.07

0.12

Performant Healthcare Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Debt-to-Equity	Get a 7-Day Free Trial															0.08	0.12	0.12	0.12	0.11

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

For the Health Information Services subindustry, Performant Healthcare'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 Healthcare's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

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

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Performant Healthcare Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Performant Healthcare's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 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
	=	(0.383	+	8.462)	/	76.499
	=	0.12

Performant Healthcare's Debt to Equity Ratio for the quarter that ended in Mar. 2025 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
	=	(0.163	+	8.723)	/	78.132
	=	0.11

Performant Healthcare (NAS:PHLT) 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 Healthcare Debt-to-Equity Related Terms

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

Performant Healthcare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Performant Healthcare Inc (NAS:PHLT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 South Pine Island Road, Suite 150, Plantation, FL, USA, 33324

Website

https://www.performantcorp.com

Performant Healthcare Inc provides solutions to payers in the healthcare industry to identify, prevent, and recover waste and improper payments by leveraging technology, analytics, and proprietary data assets.

Executives

Lisa Im	officer: Chief Executive Officer	C/O PERFORMANT FINANCIAL CORPORATION, 333 NORTH CANYONS PARKWAY, LIVERMORE CA 94551
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
Parthenon Dcs Holdings, Llc	10 percent owner	C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94111
Pcp Managers Gp, Llc	10 percent owner	FOUR EMBARCADERO CENTER, SUITE 3610, SAN FRANCISCO CA 94111
Eric Yanagi	director	400 OYSTER POINT BOULEVARD, SUITE 526, SOUTH SAN FRANCISCO CA 94080
Parthenon Investors Ii. L.p.	10 percent owner	C/O PARTHENON CAPITAL PARTNERS, 400 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
Pcap Ii, Llc	10 percent owner	C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94111
Pcp Managers, L.p.	10 percent owner	C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SUITE 3610, SAN FRANCISCO CA 94111
James Lacamp	director	333 NORTH CANYONS PARKWAY, LIVERMORE CA 94551
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
Prescott Group Aggressive Small Cap Lp	10 percent owner	1924 SOUTH IRICA SUITE 1120, TULSA OK 741046529