CTVEF (Certive Solutions) Interest Expense : $-1.01 Mil (TTM As of Feb. 2024)

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What is Certive Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Certive Solutions's interest expense for the three months ended in Feb. 2024 was $ -0.26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-1.01 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Certive Solutions's Operating Income for the three months ended in Feb. 2024 was $ -0.17 Mil. Certive Solutions's Interest Expense for the three months ended in Feb. 2024 was $ -0.26 Mil. Certive Solutions did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Certive Solutions Interest Expense Historical Data

The historical data trend for Certive Solutions's Interest Expense 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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Certive Solutions Interest Expense Chart

Certive Solutions Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Interest Expense

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-0.76

-0.95

-0.77

-0.89

-0.91

Certive Solutions Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-0.22	-0.26	-0.23	-0.26	-0.26

Certive Solutions Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.01 Mil.

Certive Solutions (OTCPK:CTVEF) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Certive Solutions's Interest Expense for the three months ended in Feb. 2024 was $-0.26 Mil. Its Operating Income for the three months ended in Feb. 2024 was $-0.17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $1.22 Mil.

Certive Solutions's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Certive Solutions did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Certive Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Certive Solutions Inc (OTCPK:CTVEF) » Definitions » Interest Expense

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Address

8149 North 87th Place, Scottsdale, AZ, USA, 85258

Website

https://www.certivehealth.com

Certive Solutions Inc is a service provider in the Revenue Cycle Management (RCM) segment of the United States healthcare industry. The company provides claims audit and recovery solutions. Along with its subsidiaries, the Titan and Omega divisions provide retrospective claim audits against payer contracts, identify underpayments, and rebill and collect revenues for hospital customers. Its lines of business include billing support, claim audit and recovery, consulting services and chargemaster/lost charge recovery. The Company currently provides services to hospital clients enhancing the efficiency and effectiveness of lost charge recovery services, in revenue-sharing relationships that improve hospital clients' net operating results.

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