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

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What is Certive Solutions Interest Expense?

Certive Solutions CTVEF -99.94% Interest Expense is $-1.01 Mil as of Feb. 2024.

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  (OTCPK:CTVEF) Interest Expense Explanation

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. The higher, the better.

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.

* 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.

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

Certive Solutions Interest Expense Historical Data

* Premium members only.

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.

Certive Solutions Interest Expense Chart

Certive Solutions Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -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 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 Premium Member Only -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.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-1.01 Mil mean?
Certive Solutions (CTVEF) has a Interest Expense of $-1.01 Mil as of Feb. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Certive Solutions and its competitors.
Is Certive Solutions' Interest Expense too high?
Certive Solutions' current Interest Expense is $-1.01 Mil.
How does Certive Solutions' Interest Expense compare to ESSI and UPHL?
Certive Solutions' Interest Expense of $-1.01 Mil can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Healthcare Providers & Services company?
A good Interest Expense depends on the Healthcare Providers & Services industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Certive Solutions and its competitors. Certive Solutions's current Interest Expense is $-1.01 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Certive Solutions stock overvalued right now?
Certive Solutions (CTVEF) has a current Interest Expense of $-1.01 Mil. The current Interest Expense is $-1.01 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Certive Solutions (CTVEF), the current Interest Expense is $-1.01 Mil as of Feb. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Certive Solutions Business Description

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