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

Company name
Symbol
Debt-to-capital ratio
HCA Holdings Inc
HCA
1.05
Tenet Healthcare Corporation
THC
0.00
Universal Health Services Inc
UHS
0.44

See also:

HCA Holdings Inc Debt to Capital (Quarterly Data)