HCA Holdings Inc (HCA)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | -1,774,000 | -2,477,000 | -2,303,000 | -2,495,000 | -2,767,000 | -3,370,000 | -3,680,000 | -2,033,000 | -933,000 | -695,000 | -593,000 | 247,000 | 572,000 | -974,000 | -1,786,000 | -2,962,000 | -2,808,000 | -3,565,000 | -3,902,000 | -4,354,000 |
| Debt-to-capital ratio | 1.05 | 1.07 | 1.07 | 1.07 | 1.08 | 1.10 | 1.11 | 1.06 | 1.03 | 1.02 | 1.02 | 0.99 | 0.98 | 1.03 | 1.06 | 1.09 | 1.09 | 1.12 | 1.13 | 1.16 |
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 of HCA Healthcare Inc has been relatively stable over the previous quarters, ranging from 1.05 to 1.10. This indicates that the company's proportion of debt to total capital has been consistently above 100%, with debt contributing more significantly to the company's capital structure than equity. The slight fluctuations in the ratio suggest that the company's level of debt relative to its total capital has been relatively consistent over the past year. A ratio above 1 signifies that the company has more debt than equity in its capital structure, indicating potential risk due to higher leverage. It is essential for investors and analysts to monitor this ratio over time to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2023