OHCS (Optimus Healthcare Svcs) Debt-to-Equity : -0.73 (As of Sep. 2024)

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What is Optimus Healthcare Svcs Debt-to-Equity?

Optimus Healthcare Svcs's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $6.66 Mil. Optimus Healthcare Svcs's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.13 Mil. Optimus Healthcare Svcs's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $-9.34 Mil. Optimus Healthcare Svcs's debt to equity for the quarter that ended in Sep. 2024 was -0.73.

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

OHCS' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.99 Med: -0.84 Max: 0.22
Current: -0.73

During the past 9 years, the highest Debt-to-Equity Ratio of Optimus Healthcare Svcs was 0.22. The lowest was -1.99. And the median was -0.84.

OHCS's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.44 vs OHCS: -0.73

Optimus Healthcare Svcs Debt-to-Equity Historical Data

The historical data trend for Optimus Healthcare Svcs'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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Optimus Healthcare Svcs Debt-to-Equity Chart

Optimus Healthcare Svcs Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec08

Dec21

Dec22

Dec23

Debt-to-Equity

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3.55

0.22

-1.99

-0.84

Optimus Healthcare Svcs Quarterly Data
	Sep03	Mar07	Jun07	Sep07	Mar08	Jun08	Sep08	Dec08	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															-1.12	-0.84	-0.80	-0.78	-0.73

Competitive Comparison of Optimus Healthcare Svcs's Debt-to-Equity

For the Health Information Services subindustry, Optimus Healthcare Svcs'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.

Optimus Healthcare Svcs's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

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

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Optimus Healthcare Svcs Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Optimus Healthcare Svcs'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
	=	(5.837	+	0.177)	/	-7.138
	=	-0.84

Optimus Healthcare Svcs's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(6.659	+	0.131)	/	-9.34
	=	-0.73

Optimus Healthcare Svcs (OTCPK:OHCS) 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.

Optimus Healthcare Svcs Debt-to-Equity Related Terms

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Optimus Healthcare Svcs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optimus Healthcare Svcs Inc (OTCPK:OHCS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1400 Old Country Road, Suite 306, Westbury, NY, USA, 11590

Website

https://www.optimushealthcare.com

Optimus Healthcare Svcs Inc focuses on acquiring controlling interests in healthcare-related businesses. The company is dedicated to advancing access to clinical trial research and simplifying access to vaccines and pharmaceutical products. It currently operates through its portfolio companies, Clinical Research Alliance, Inc. (CRA), and Worker's Health Rx (d/b/a "Vitality Rx"). The vision is to grow by acquiring controlling interests in healthcare-related businesses with products and services that improve healthcare access and outcomes. Optimus aims to empower physicians and patients with information and tools for informed healthcare decisions.