PreAxia Health Care Payment Systems (PreAxia Health Care Payment Systems) Debt-to-Equity : -0.72 (As of Feb. 2024)

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What is PreAxia Health Care Payment Systems Debt-to-Equity?

PreAxia Health Care Payment Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $1.72 Mil. PreAxia Health Care Payment Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil. PreAxia Health Care Payment Systems's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $-2.39 Mil. PreAxia Health Care Payment Systems's debt to equity for the quarter that ended in Feb. 2024 was -0.72.

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 PreAxia Health Care Payment Systems's Debt-to-Equity or its related term are showing as below:

PAXH' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.9 Med: -0.65 Max: -0.04
Current: -0.72

During the past 13 years, the highest Debt-to-Equity Ratio of PreAxia Health Care Payment Systems was -0.04. The lowest was -0.90. And the median was -0.65.

PAXH's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.48 vs PAXH: -0.72

PreAxia Health Care Payment Systems Debt-to-Equity Historical Data

The historical data trend for PreAxia Health Care Payment Systems'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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PreAxia Health Care Payment Systems Debt-to-Equity Chart

PreAxia Health Care Payment Systems Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

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-0.71

-0.67

-0.61

-0.79

-0.74

PreAxia Health Care Payment Systems Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															-0.75	-0.74	-0.73	-0.72	-0.72

Competitive Comparison of PreAxia Health Care Payment Systems's Debt-to-Equity

For the Health Information Services subindustry, PreAxia Health Care Payment Systems'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.

PreAxia Health Care Payment Systems's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, PreAxia Health Care Payment Systems's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PreAxia Health Care Payment Systems's Debt-to-Equity falls into.

PreAxia Health Care Payment Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PreAxia Health Care Payment Systems's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(1.699	+	0)	/	-2.297
	=	-0.74

PreAxia Health Care Payment Systems's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(1.717	+	0)	/	-2.392
	=	-0.72

PreAxia Health Care Payment Systems (OTCPK:PAXH) 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.

PreAxia Health Care Payment Systems Debt-to-Equity Related Terms

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PreAxia Health Care Payment Systems (PreAxia Health Care Payment Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PreAxia Health Care Payment Systems Inc (OTCPK:PAXH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1610-37th Street SW, PO Box 34075, Westbrook PO, Calgary, AB, CAN, T3C 3W2

Website

https://www.preaxia.com

PreAxia Health Care Payment Systems Inc engages in the services related to the health payment market. The solution provided by the company includes an HSA or Health spending account for health care spending. The amount deposited in this account can be used to pay for health care expenses for employees and their dependents. The company caters to brokerage and brokers, clinics and practitioners, and small and medium businesses.

Executives

Tom A Zapatinas	director	3212-14 AVENUE SW, CALGARY A0 T3C 0X3
Greg Coonfer	director, officer: Treasurer	2323-21 AVENUE SW, CALGARY A0 T2T 0P4
Caribbean Overseas Investments Ltd	10 percent owner	CORNER OF TARPON AND PESCADOR STREET, AMBERGRIS CAYE, SAN PEDRO D1 00000
Kimberley Jo Coonfer	director, 10 percent owner, officer: President	2323-21 AVENUE SW, CALGARY A0 T2T 0P4
Shawn Thorburn	director, officer: Secretary	17 HAWTHORNE WAY, OLDS A0 T4H 1T7

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