Tenet Healthcare Corporation (THC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,167,000 | 6,359,000 | 5,995,000 | 5,869,000 | 5,981,000 | 5,998,000 | 6,064,000 | 6,128,000 | 7,075,000 | 6,905,000 | 7,417,000 | 6,699,000 | 7,147,000 | 7,808,000 | 7,947,000 | 5,388,000 | 5,081,000 | 4,789,000 | 4,704,000 | 4,582,000 |
| Total current liabilities | US$ in thousands | 4,760,000 | 4,432,000 | 4,152,000 | 4,219,000 | 4,476,000 | 4,276,000 | 4,368,000 | 4,668,000 | 5,109,000 | 5,379,000 | 5,071,000 | 4,930,000 | 4,847,000 | 5,843,000 | 5,585,000 | 4,095,000 | 4,205,000 | 3,928,000 | 4,150,000 | 3,725,000 |
| Current ratio | 1.51 | 1.43 | 1.44 | 1.39 | 1.34 | 1.40 | 1.39 | 1.31 | 1.38 | 1.28 | 1.46 | 1.36 | 1.47 | 1.34 | 1.42 | 1.32 | 1.21 | 1.22 | 1.13 | 1.23 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,167,000K ÷ $4,760,000K
= 1.51
The current ratio of Tenet Healthcare Corp. has shown a fluctuating trend over the past eight quarters. As of Q4 2023, the current ratio stands at 1.51, indicating an improvement from the previous quarter's ratio of 1.43. This suggests that the company's current assets are 1.51 times greater than its current liabilities, reflecting a relatively strong liquidity position.
Although there have been fluctuations in the current ratio over the quarters, the general trend appears to show a gradual increase in liquidity since Q1 2022 when the ratio was 1.31. This upward trend signals an improvement in the company's ability to meet its short-term obligations using its current assets.
Overall, the current ratio of Tenet Healthcare Corp. has been relatively stable and has shown signs of improvement in recent quarters, reflecting a stronger liquidity position and a better ability to cover its short-term liabilities. It is important for stakeholders to continue monitoring this ratio to ensure the company maintains a healthy balance between current assets and liabilities.
Peer comparison
Dec 31, 2023