Kovo+ Holdings (TSXV:KOVO) Debt-to-Revenue : 1.35 (As of Sep. 2024)

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What is Kovo+ Holdings Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Kovo+ Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$12.89 Mil. Kovo+ Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$4.56 Mil. Kovo+ Holdings's annualized Revenue for the quarter that ended in Sep. 2024 was C$12.91 Mil. Kovo+ Holdings's annualized Debt-to-Revenue for the quarter that ended in Sep. 2024 was 1.35.

Kovo+ Holdings Debt-to-Revenue Historical Data

The historical data trend for Kovo+ Holdings's Debt-to-Revenue 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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Kovo+ Holdings Debt-to-Revenue Chart

Kovo+ Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

0.82

0.83

0.47

0.60

Kovo+ Holdings Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Revenue	Get a 7-Day Free Trial													0.56	0.55	0.76	0.88	1.35

Competitive Comparison of Kovo+ Holdings's Debt-to-Revenue

For the Health Information Services subindustry, Kovo+ Holdings's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

Kovo+ Holdings's Debt-to-Revenue Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Kovo+ Holdings's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Kovo+ Holdings's Debt-to-Revenue falls into.

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Kovo+ Holdings Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Kovo+ Holdings's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(4.93	+	3.133)	/	13.436
	=	0.60

Kovo+ Holdings's annualized Debt-to-Revenue for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(12.892	+	4.556)	/	12.908
	=	1.35

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Sep. 2024) Revenue data.

Kovo+ Holdings Debt-to-Revenue Related Terms

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Kovo+ Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Kovo+ Holdings Inc (TSXV:KOVO) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

925 West Georgia Street, Suite 1600, Vancouver, BC, CAN, V6C 3L2

Website

https://www.kovoplus.com

Kovo+ Holdings Inc is a versatile technology company leading the charge in AI initiatives to drive impact and innovation across diverse industries. Its expanded vision and mission evaluates initiatives across diverse industry markets. The company remains committed to integrate strategic growth opportunities with mid-market Medical Billing firms for exploitive business optimization synergies and expanding the Kovo+ RCM business model. It also integrates accretive additions in the broader healthcare sector to its portfolio. Dedicated to revolutionizing business processes optimization through technological advancements and evolving AI-applied methods, Kovo+ embodies a commitment to ensured and enduring profitability.

Executives

Steven Elliott Parry	Director
Harprit Singh Gahunia	Director

Kovo+ Holdings Headlines

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