HCA Holdings Inc (HCA)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | — | — | — | — | 0.00 |
| Debt-to-equity ratio | — | — | — | — | 0.00 |
| Financial leverage ratio | — | — | — | — | 83.02 |
Based on the provided data for HCA Holdings Inc, we observe that the solvency ratios reflect a strong financial position in terms of leverage and debt management:
1. Debt-to-assets ratio: The ratio remains consistently at 0.00 from 2020 to 2024. This indicates that the company has no debt in relation to its total assets throughout the period, which is a positive sign of financial stability and low risk of insolvency.
2. Debt-to-capital ratio: The data shows "—" for the years 2021 to 2024, suggesting that specific information for this ratio is not available. As a result, we are unable to provide an analysis of the company's debt relative to its capital structure.
3. Debt-to-equity ratio: Similar to the debt-to-capital ratio, "—" is indicated for the years 2021 to 2024, preventing a detailed assessment of the company's debt in comparison to its equity.
4. Financial leverage ratio: The leverage ratio was 83.02 in 2020, indicating that the company's financial leverage was significant relative to its equity. However, without data for the subsequent years, it is challenging to determine how this ratio evolved over time.
Overall, based on the limited information available for the debt-to-assets and financial leverage ratios, HCA Holdings Inc appears to have a solid financial position with minimal debt relative to its assets and a potentially high leverage ratio in the initial year provided. Further data for the subsequent years would be necessary to assess the company's solvency more comprehensively.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 5.12 | 4.98 | 5.93 | 7.28 | 4.43 |
The interest coverage ratio measures a company's ability to meet its interest obligations with its operating income. Looking at the data for HCA Holdings Inc, we can observe fluctuations in the interest coverage ratio over the years.
As of December 31, 2020, the interest coverage ratio was 4.43, indicating the company generated operating income 4.43 times its interest expenses. This suggests a relatively lower level of coverage at that time.
By December 31, 2021, the interest coverage ratio improved to 7.28, showing a stronger ability to cover interest expenses with operating income. This increase may signal a more robust financial position or improved profitability for the company.
In the subsequent years, the interest coverage ratio fluctuated, reaching 5.93 by December 31, 2022, slightly dropping to 4.98 by December 31, 2023, and then increasing slightly to 5.12 by December 31, 2024. These fluctuations suggest varying levels of operating income relative to interest expenses during these periods.
Overall, while the interest coverage ratio for HCA Holdings Inc has shown some variability over the years, it appears to have generally improved since 2020. A higher interest coverage ratio is typically preferred as it indicates a company's stronger ability to meet its interest obligations and suggests lower financial risk.