Tabula Rasa HealthCare (Tabula Rasa HealthCare) Debt-to-Equity : -4.31 (As of Jun. 2023)

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What is Tabula Rasa HealthCare Debt-to-Equity?

Tabula Rasa HealthCare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $3.0 Mil. Tabula Rasa HealthCare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $333.4 Mil. Tabula Rasa HealthCare's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-78.1 Mil. Tabula Rasa HealthCare's debt to equity for the quarter that ended in Jun. 2023 was -4.31.

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 Tabula Rasa HealthCare's Debt-to-Equity or its related term are showing as below:

TRHC' s Debt-to-Equity Range Over the Past 10 Years
Min: -58.99 Med: 0.2 Max: 13.93
Current: -4.31

During the past 10 years, the highest Debt-to-Equity Ratio of Tabula Rasa HealthCare was 13.93. The lowest was -58.99. And the median was 0.20.

TRHC's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.47 vs TRHC: -4.31

Tabula Rasa HealthCare Debt-to-Equity Historical Data

The historical data trend for Tabula Rasa 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.

* Premium members only.

Tabula Rasa HealthCare Debt-to-Equity Chart

Tabula Rasa HealthCare Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.33

1.36

1.73

6.60

-5.89

Tabula Rasa HealthCare Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															-58.99	-10.64	-5.89	-4.74	-4.31

Competitive Comparison of Tabula Rasa HealthCare's Debt-to-Equity

For the Health Information Services subindustry, Tabula Rasa 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.

Tabula Rasa HealthCare's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Tabula Rasa HealthCare's Debt-to-Equity falls into.

Tabula Rasa HealthCare Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tabula Rasa HealthCare's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(2.708	+	333.42)	/	-57.031
	=	-5.89

Tabula Rasa HealthCare's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(2.982	+	333.414)	/	-78.079
	=	-4.31

Tabula Rasa HealthCare (NAS:TRHC) 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.

Tabula Rasa HealthCare Debt-to-Equity Related Terms

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

Tabula Rasa HealthCare (Tabula Rasa HealthCare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Tabula Rasa HealthCare Inc (NAS:TRHC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

228 Strawbridge Drive, Suite 100, Moorestown, NJ, USA, 08057

Website

https://www.trhc.com

Tabula Rasa HealthCare Inc is engaged in providing patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations, lower healthcare costs and manage risk. The cloud-based software solutions of the company help prescribers, pharmacists, and healthcare organizations in managing the medication-related needs of patients. The firm operates the business through two segments namely CareVention HealthCare and MedWise HealthCare.

Executives

Michael Anthony Bruno	officer: CHIEF ACCOUNTING OFFICER	1504 PEAR TREE LANE, BENSALEM PA 19020
Derek C Schrier	director, 10 percent owner	C/O INDABA CAPITAL MANAGEMENT, LLC, ONE LETTERMAN DR., BLDING D, SUITE DM700, SAN FRANCISCO CA 94129
Indaba Capital Fund, L.p.	director, 10 percent owner	MAPLES CORPORATE SERVICES, 121 SOUTH CHURCH STREET, GRAND CAYMAN E9 KY1-1104
Indaba Capital Management, L.p.	director, 10 percent owner	ONE LETTERMAN DRIVE, BUILDING D, SUITE DM700, SAN FRANCISCO CA 94129
Ic Gp, Llc	director, 10 percent owner	ONE LETTERMAN DRIVE,, BUILDING D, SUITE DM700, SAN FRANCISCO CA 94129
Rew Richard W. Ii	officer: Chief Legal Officer, Secretary	7000 WEST WILLIAM CANNON, BUILDING ONE, AUSTIN TX 78735
Thomas Cancro	officer: CHIEF FINANCIAL OFFICER	C/O GFI GROUP INC., NEW YORK NY 10041
Michael J. Purcell	director	C/O PATRIOT NATIONAL, INC., 401 E. LAS OLAS BLVD., SUITE 1650, FORT LAUDERDALE FL 33301
Ronald Paul Mitchell	director	110 W. KINZIE STREET, 5TH FL, CHICAGO IL 60654
Jonathan David Schwartz	director	430 EAST 29TH STREET, SUITE 1040, NEW YORK NY 10016
Dennis Helling	director	228 STRAWBRIDGE DRIVE, SUITE 100, MOORESTOWN NJ 08057
Michael Greenhalgh	officer: Chief Operating Officer	228 STRAWBRIDGE DRIVE, SUITE 100, MOORESTOWN NJ 08057
Gordon Tunstall	director
Andrea Carolan Speers	officer: Chief Accounting Officer	228 STRAWBRIDGE DRIVE, SUITE 100, MOORESTOWN NJ 08057
Brian W Adams	officer: Chief Financial Officer	228 STRAWBRIDGE DRIVE, SUITE 100, MOORESTOWN NJ 08057