The company's financial position is highly vulnerable, characterized by a $4.6 billion debt burden against a total asset base of $4.8 billion and a negative equity balance of $241.1 million.
| Total Current Assets | 242.27M | 224.37M | 175.51M | 193.59M | 446.74M | 319.26M | 208.85M | 115.61M |
| Cash & Short-Term Investments | 21.33M | 16.81M | 16.85M | 71.55M | 334.05M | 185.33M | 126.75M | 21.82M |
| Cash Only | 21.33M | 16.81M | 16.85M | 71.55M | 334.05M | 185.33M | 126.75M | 21.82M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 140.92M | 138.18M | 111.61M | 84.75M | 78.91M | 99.91M | 63.2M | 77.07M |
| Days Sales Outstanding | 52.58 | 52.24 | 43.77 | 32.17 | 26.67 | 32.63 | 24.6 | 28.62 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 80.02M | 69.38M | 19.82M | 12.49M | 10.19M | 4.05M | 1.19M | 195K |
| Total Non-Current Assets | 4.6B | 4.66B | 4.98B | 6.77B | 6.92B | 7.9B | 8.07B | 8.24B |
| Property, Plant & Equipment | 357.15M | 340.29M | 308.75M | 287.11M | 257.07M | 243.34M | 218.97M | 207.99M |
| Fixed Asset Turnover | 2.90x | 2.84x | 3.01x | 3.35x | 4.20x | 4.59x | 4.28x | 4.73x |
| Goodwill | 2.41B | 2.41B | 2.4B | 3.83B | 3.71B | 4.36B | 4.26B | 4.14B |
| Intangible Assets | 1.8B | 1.88B | 2.23B | 2.63B | 2.94B | 3.29B | 3.58B | 3.89B |
| Long-Term Investments | 0 | 0 | 15M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 35.34M | 33.34M | 22.1M | 21.78M | 21.89M | 9.7M | 14.23M | 8.15M |
| Total Assets | 4.84B | 4.89B | 5.15B | 6.96B | 7.37B | 8.22B | 8.28B | 8.36B |
| Asset Turnover | 0.20x | 0.20x | 0.18x | 0.14x | 0.15x | 0.14x | 0.11x | 0.12x |
| Asset Growth % | -27.77% | -5.09% | -26.04% | -5.51% | -10.33% | -0.76% | -0.92% | - |
| Total Current Liabilities | 189.56M | 261.36M | 213.79M | 166.74M | 175.84M | 141.91M | 112.5M | 85.79M |
| Accounts Payable | 59.18M | 60.46M | 86.33M | 19.59M | 13.29M | 13.01M | 15.26M | 9.56M |
| Days Payables Outstanding | 48.37 | 31.58 | 131.62 | 30.37 | 23.78 | 27.08 | 17.48 | 23.34 |
| Short-Term Debt | 19.6M | 19.39M | 13.25M | 13.25M | 13.25M | 13.25M | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 110.79M | 181.5M | 33.69M | 44.72M | 34.57M | 25.42M | 21.84M | 26.31M |
| Current Ratio | 1.28x | 0.86x | 0.82x | 1.16x | 2.54x | 2.25x | 1.86x | 1.35x |
| Quick Ratio | 1.28x | 0.86x | 0.82x | 1.16x | 2.54x | 2.25x | 1.86x | 1.35x |
| Cash Conversion Cycle | 4.22 | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 4.88B | 4.79B | 4.85B | 5.09B | 5.4B | 5.73B | 5.61B | 6.29B |
| Long-Term Debt | 4.59B | 4.6B | 4.51B | 4.53B | 4.74B | 4.88B | 4.58B | 5.4B |
| Capital Lease Obligations | 49.76M | 16.24M | 13.86M | 17.12M | 20.89M | 26.73M | 27.59M | 23.19M |
| Deferred Tax Liabilities | 839.22M | 197.6M | 325.83M | 521.71M | 639.5M | 753.83M | 900.63M | 869.2M |
| Other Non-Current Liabilities | 125M | -16.24M | 3.6M | 17.26M | 2.47M | 74.14M | 106.59M | 0 |
| Total Liabilities | 5.07B | 5.06B | 5.07B | 5.26B | 5.58B | 5.88B | 5.73B | 6.38B |
| Total Debt | 4.61B | 4.63B | 4.54B | 4.57B | 4.78B | 4.93B | 4.61B | 5.43B |
| Net Debt | 4.59B | 4.62B | 4.52B | 4.5B | 4.45B | 4.74B | 4.49B | 5.41B |
| Debt / Equity | -19.66x | - | 54.05x | 2.67x | 2.67x | 2.10x | 1.80x | 2.74x |
| Debt / EBITDA | 9.41x | 9.39x | - | 7.77x | 90.36x | 6.17x | 16.97x | 7.07x |
| Net Debt / EBITDA | 9.36x | 9.35x | - | 7.65x | 84.05x | 5.94x | 16.50x | 7.04x |
| Interest Coverage | 0.18x | 0.07x | -4.43x | 0.68x | -0.85x | 1.51x | -0.63x | 1.03x |
| Total Equity | -234.41M | -167.18M | 84.02M | 1.71B | 1.79B | 2.34B | 2.56B | 1.99B |
| Equity Growth % | -2235.85% | -298.97% | -95.08% | -4.55% | -23.63% | -8.33% | 28.85% | - |
| Book Value per Share | -14.04 | -10.17 | 5.20 | 105.97 | 112.10 | 143.95 | 217.33 | 72.19 |
| Total Shareholders' Equity | -241.14M | -173.9M | 84.02M | 1.71B | 1.79B | 2.34B | 2.56B | 1.99B |
| Common Stock | 2K | 2K | 2K | 2K | 67K | 67K | 66K | 42K |
| Retained Earnings | -2.5B | -2.43B | -2.15B | -499.31M | -347.8M | 225.11M | 117M | 637.56M |
| Treasury Stock | 0 | -138.73M | -138.73M | -128.36M | -192.17M | -192.17M | -89.61M | 0 |
| Accumulated OCI | -2.35M | -4.17M | -5.06M | -11.78M | 0 | 0 | 0 | 0 |
| Minority Interest | 6.72M | 6.72M | 0 | 0 | 0 | 0 | 0 | 0 |
Insolvency and debt overhang
According to recent financial filings, Claritev's equity position has deteriorated from a positive $1.7 billion in 2023Q4 to a negative $241.1 million by 2026Q1, reflecting a persistent trend of capital erosion that suggests the company's current business model is failing to generate sufficient returns to offset losses.
The rapid transition into negative equity territory indicates that accumulated losses are now outpacing the company's ability to maintain its capital base. This trajectory suggests that the firm's reliance on debt-funded operations is unsustainable without a fundamental improvement in core profitability or a significant capital injection.
As reported in balance sheet data, Claritev maintains a massive debt load of $4.6 billion against a total asset base of $4.8 billion, a structure that leaves virtually no room for operational error or the capital-intensive investments required for its proposed pivot toward advanced data analytics.
The company's debt-to-asset ratio remains dangerously high, effectively subordinating equity holders to the interests of creditors. This leverage profile implies that interest obligations will likely continue to consume any potential operating cash flow, severely limiting the firm's ability to fund R&D or pursue growth initiatives.
Based on the company's reported figures, goodwill accounts for $2.4 billion of the $4.8 billion total asset base, suggesting that a significant portion of the balance sheet is tied to historical acquisitions that may no longer reflect the current market value of the underlying business segments.
The high concentration of intangible assets relative to total assets warrants close monitoring for potential impairment charges, which could further erode the already negative equity position. Investors should consider whether these assets are truly representative of future earning power or merely legacy accounting artifacts from past M&A activity.
Data from recent quarterly reports shows that Claritev's cash reserves have dwindled to just $21.3 million as of 2026Q1, a precarious level that provides minimal protection against operational shocks or the significant debt-servicing requirements inherent in the company's current capital structure.
With a current ratio hovering near 1.28, the company appears to have very little margin for error in managing its working capital needs. This liquidity profile suggests that any disruption in claim adjudication or revenue collection could lead to immediate cash flow crises, forcing the company to rely on external financing.
Quick answers to the most common questions about buying CTEV stock.
As of 2025, Claritev Corporation (CTEV) had total assets of $4.89B including $224.4M in current assets.
Claritev Corporation (CTEV) carries total debt of $4.63B, offset by $16.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Claritev Corporation (CTEV) has total shareholders' equity (book value) of $-173.9M ($-10.17 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Claritev Corporation (CTEV) reported a current ratio of 0.86x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.