Tenet Healthcare Corporation (THC)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,682,000 | 7,167,000 | 5,981,000 | 7,075,000 | 7,147,000 |
| Total current liabilities | US$ in thousands | 4,310,000 | 4,760,000 | 4,476,000 | 5,109,000 | 4,847,000 |
| Current ratio | 1.78 | 1.51 | 1.34 | 1.38 | 1.47 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,682,000K ÷ $4,310,000K
= 1.78
The current ratio of Tenet Healthcare Corporation has shown a slight decline from 1.47 as of December 31, 2020, to 1.38 as of December 31, 2021, and further to 1.34 as of December 31, 2022. However, there was a notable improvement in the current ratio to 1.51 as of December 31, 2023, and a significant increase to 1.78 as of December 31, 2024. Overall, the current ratio indicates that the company's short-term liquidity position has generally been adequate over the years, with the recent trend showing an enhancement in liquidity. While the ratios above 1 suggest that Tenet Healthcare Corporation has more current assets than current liabilities to cover its short-term obligations, it is important to continue monitoring this metric to ensure the company's ability to meet its financial obligations in the short term.
Peer comparison
Dec 31, 2024