Certive Solutions (XCNQ:CBP) LT-Debt-to-Total-Asset : 3.33 (As of Feb. 2024)

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What is Certive Solutions LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Certive Solutions's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 3.33.

Certive Solutions's long-term debt to total assets ratio increased from Feb. 2023 (0.45) to Feb. 2024 (3.33). It may suggest that Certive Solutions is progressively becoming more dependent on debt to grow their business.

Certive Solutions LT-Debt-to-Total-Asset Historical Data

The historical data trend for Certive Solutions's LT-Debt-to-Total-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.

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Certive Solutions LT-Debt-to-Total-Asset Chart

Certive Solutions Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

LT-Debt-to-Total-Asset

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0.27

0.42

0.21

3.85

2.45

Certive Solutions Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.45	2.45	2.00	2.97	3.33

Certive Solutions LT-Debt-to-Total-Asset Calculation

Certive Solutions's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	1.577	/	0.645
	=	2.44

Certive Solutions's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	1.643	/	0.494
	=	3.33

Certive Solutions (XCNQ:CBP) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Certive Solutions LT-Debt-to-Total-Asset Related Terms

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Certive Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Certive Solutions Inc (XCNQ:CBP) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CTVEF:USA

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.

Executives

Scott Thomas	Director
Timothy John Hyland	Director, Senior Officer
Thomas Marreel	Director
Jeff Wareham	Director

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