HCA Holdings Inc (HCA)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | — | — | — |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | — | — | — |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 191.40 | 83.02 | — | — | — |
The solvency ratios of HCA Holdings Inc indicate strong financial health with consistently low levels of debt compared to assets. The Debt-to-assets ratio remained at 0.00 throughout the reported periods, indicating that the company's assets are not financed by debt but rather by equity or other sources.
The Debt-to-capital ratio also showed a stable and favorable trend, with a value of 0.00 for December 31, 2020 and no values reported for the subsequent periods. This implies that the company has very little or no debt in relation to its total capital, reflecting a conservative capital structure.
Similarly, the Debt-to-equity ratio remained at 0.00 during the reported periods, indicating that the company's equity consistently exceeds its debt levels. This implies a low financial risk associated with debt obligations compared to shareholders' equity.
The Financial leverage ratio, reported as 83.02 on December 31, 2020, increased significantly to 191.40 on March 31, 2021, and no values were reported for the following periods. The spike in the leverage ratio in March 2021 suggests an increase in the company's reliance on debt to finance its operations, but the lack of subsequent data makes it challenging to assess the overall trend.
Overall, the solvency ratios of HCA Holdings Inc demonstrate a conservative capital structure with low debt levels in relation to assets, capital, and equity, indicating a stable and sound financial position. However, further analysis would be required to understand the possible impact of the spike in the Financial leverage ratio in March 2021.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 5.13 | 5.29 | 5.21 | 5.05 | 4.95 | 4.85 | 4.97 | 5.11 | 5.21 | 5.37 | 5.72 | 6.02 | 6.19 | 6.30 | 6.13 | 5.26 | 4.41 | 4.00 | 3.55 | 3.65 |
The interest coverage ratio for HCA Holdings Inc has shown a generally positive trend over the past few years. The ratio has increased from 3.65 as of March 31, 2020, to 5.13 as of December 31, 2024. This indicates that the company's ability to cover its interest expenses with operating income has improved over the period in consideration.
Although there were fluctuations in the ratio, it remained above 1, suggesting that the company is consistently generating enough operating income to cover its interest obligations. The highest interest coverage ratio was recorded on December 31, 2021, at 6.30, indicating a strong ability to meet interest payments using operating income.
Overall, the trend in the interest coverage ratio for HCA Holdings Inc reflects a positive performance in managing its interest expenses and generating sufficient operating income to handle its debt obligations.