CloudMD Software & Services (CloudMD Software & Services) Debt-to-Equity : 0.70 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is CloudMD Software & Services Debt-to-Equity?

CloudMD Software & Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13.55 Mil. CloudMD Software & Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.84 Mil. CloudMD Software & Services's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $24.91 Mil. CloudMD Software & Services's debt to equity for the quarter that ended in Dec. 2023 was 0.70.

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 CloudMD Software & Services's Debt-to-Equity or its related term are showing as below:

DOCRF' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.77 Med: 0.19 Max: 0.7
Current: 0.7

During the past 9 years, the highest Debt-to-Equity Ratio of CloudMD Software & Services was 0.70. The lowest was -1.77. And the median was 0.19.

DOCRF's Debt-to-Equity is ranked worse than
60.88% of 547 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs DOCRF: 0.70

CloudMD Software & Services Debt-to-Equity Historical Data

The historical data trend for CloudMD Software & Services'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.

CloudMD Software & Services Debt-to-Equity Chart

CloudMD Software & Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.49

0.07

0.16

0.23

0.70

CloudMD Software & Services 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															0.23	0.24	0.24	0.25	0.70

Competitive Comparison of CloudMD Software & Services's Debt-to-Equity

For the Health Information Services subindustry, CloudMD Software & Services'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.

CloudMD Software & Services's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where CloudMD Software & Services's Debt-to-Equity falls into.

CloudMD Software & Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CloudMD Software & Services'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
	=	(13.551	+	3.842)	/	24.913
	=	0.70

CloudMD Software & Services'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
	=	(13.551	+	3.842)	/	24.913
	=	0.70

CloudMD Software & Services (OTCPK:DOCRF) 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.

CloudMD Software & Services Debt-to-Equity Related Terms

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

CloudMD Software & Services (CloudMD Software & Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CloudMD Software & Services Inc (OTCPK:DOCRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6PH:Germany DOC:Canada

Address

885 West Georgia Street, 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.cloudmd.ca

CloudMD Software & Services Inc is digitizing the delivery of healthcare by providing patients access to all points of their care from their phone, tablet or desktop computer. The company offers SAAS-based health technology solutions to medical clinics across Canada and has developed proprietary technology that delivers quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI). It has two segments Digital Health Solutions and Enterprise Health Solutions.