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Comprehensive Healthcare Systems (TSXV:CHS) Equity-to-Asset : -3.94 (As of Sep. 2023)


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What is Comprehensive Healthcare Systems Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Comprehensive Healthcare Systems's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-7.67 Mil. Comprehensive Healthcare Systems's Total Assets for the quarter that ended in Sep. 2023 was C$1.95 Mil. Therefore, Comprehensive Healthcare Systems's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -3.94.

The historical rank and industry rank for Comprehensive Healthcare Systems's Equity-to-Asset or its related term are showing as below:

TSXV:CHS's Equity-to-Asset is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 0.48
* Ranked among companies with meaningful Equity-to-Asset only.

Comprehensive Healthcare Systems Equity-to-Asset Historical Data

The historical data trend for Comprehensive Healthcare Systems's Equity-to-Asset 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.

Comprehensive Healthcare Systems Equity-to-Asset Chart

Comprehensive Healthcare Systems Annual Data
Trend Jan19 Jan20 Jan21 Dec22
Equity-to-Asset
0.69 0.98 0.96 -1.49

Comprehensive Healthcare Systems Quarterly Data
Oct18 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.85 -1.49 -1.74 -3.37 -3.94

Competitive Comparison of Comprehensive Healthcare Systems's Equity-to-Asset

For the Health Information Services subindustry, Comprehensive Healthcare Systems's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.


Comprehensive Healthcare Systems's Equity-to-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Comprehensive Healthcare Systems's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Comprehensive Healthcare Systems's Equity-to-Asset falls into.



Comprehensive Healthcare Systems Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Comprehensive Healthcare Systems's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )=Total Stockholders Equity/Total Assets
=-4.275/2.866
=-1.49

Comprehensive Healthcare Systems's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )=Total Stockholders Equity/Total Assets
=-7.668/1.946
=-3.94

* 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.


Comprehensive Healthcare Systems  (TSXV:CHS) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Comprehensive Healthcare Systems Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Comprehensive Healthcare Systems's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Comprehensive Healthcare Systems Business Description

Traded in Other Exchanges
N/A
Address
2025 Lincoln Highway, Suite 340, State Route 27, Edison, NJ, USA, 08817
Website
Comprehensive Healthcare Systems Inc is the provider of healthcare administrative software, licensing and maintenance services.
Executives
Mohammad (mo) Shahid Fazil Director