HCA Holdings Inc (HCA)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 37,169,000 | 36,793,000 | 36,537,000 | 36,478,000 | 37,714,000 | 37,492,000 | 38,657,000 | 36,210,000 | 34,342,000 | 32,049,000 | 32,319,000 | 30,838,000 | 30,795,000 | 30,792,000 | 30,779,000 | 34,699,000 | 33,577,000 | 34,097,000 | 34,120,000 | 31,019,000 |
| Total assets | US$ in thousands | 56,211,000 | 54,589,000 | 53,594,000 | 52,711,000 | 52,438,000 | 51,484,000 | 51,584,000 | 52,208,000 | 50,742,000 | 49,562,000 | 48,164,000 | 47,277,000 | 47,490,000 | 51,016,000 | 48,709,000 | 45,421,000 | 45,058,000 | 43,912,000 | 45,449,000 | 43,379,000 |
| Debt-to-assets ratio | 0.66 | 0.67 | 0.68 | 0.69 | 0.72 | 0.73 | 0.75 | 0.69 | 0.68 | 0.65 | 0.67 | 0.65 | 0.65 | 0.60 | 0.63 | 0.76 | 0.75 | 0.78 | 0.75 | 0.72 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $37,169,000K ÷ $56,211,000K
= 0.66
The debt-to-assets ratio for HCA Healthcare Inc has fluctuated over the past eight quarters, ranging from 0.70 to 0.75. The ratio measures the proportion of the company's assets financed through debt, implying that 70% to 75% of the firm's assets are funded by debt during this period.
The trend indicates that the company has maintained a relatively stable level of debt compared to its total assets. However, there was a slight increase in the ratio from Q1 2023 to Q4 2023, suggesting a higher reliance on debt financing in the most recent quarter.
Overall, HCA Healthcare Inc's debt-to-assets ratio remains within the acceptable range for most industries, indicating a manageable level of leverage and the ability to meet its debt obligations. It is crucial for the company to monitor this ratio regularly to ensure proper balance between debt and equity financing for sustainable growth and financial stability.
Peer comparison
Dec 31, 2023