HCA Holdings Inc (HCA)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 37,169,000 | 37,714,000 | 34,342,000 | 30,795,000 | 33,577,000 |
| Total stockholders’ equity | US$ in thousands | -1,774,000 | -2,767,000 | -933,000 | 572,000 | -2,808,000 |
| Debt-to-capital ratio | 1.05 | 1.08 | 1.03 | 0.98 | 1.09 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $37,169,000K ÷ ($37,169,000K + $-1,774,000K)
= 1.05
The debt-to-capital ratio for HCA Healthcare Inc has fluctuated over the past five years. The ratio was 1.05 in 2023, 1.08 in 2022, 1.03 in 2021, 0.98 in 2020, and 1.09 in 2019.
A debt-to-capital ratio above 1 indicates that the company has more debt than capital, which may suggest a higher level of financial risk. However, it is essential to consider the industry standards and the company's historical trend while evaluating this ratio.
The increase in the ratio from 2020 to 2021 and the subsequent decrease in 2022 indicate fluctuations in the company's capital structure and debt levels. It is crucial for investors and stakeholders to monitor these changes to assess the company's ability to meet its debt obligations and manage financial risks effectively.
Further analysis, including comparing the ratio with industry peers and assessing the company's overall financial health, is recommended to gain a comprehensive understanding of HCA Healthcare Inc's debt management strategy.
Peer comparison
Dec 31, 2023