Tenet Healthcare Corporation (THC)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,228,000 | 1,054,000 | 934,000 | 766,000 | 858,000 | 1,208,000 | 1,351,000 | 1,405,000 | 2,364,000 | 2,292,000 | 2,194,000 | 2,141,000 | 2,446,000 | 3,300,000 | 3,514,000 | 613,000 | 262,000 | 314,000 | 249,000 | 252,000 |
| Short-term investments | US$ in thousands | — | — | — | — | -1,518,000 | — | — | — | -1,439,000 | 2,564,000 | 2,525,000 | 2,577,000 | -1,507,000 | 2,445 | — | — | -1,389,000 | — | — | — |
| Receivables | US$ in thousands | 2,914,000 | 2,897,000 | 2,914,000 | 2,883,000 | 2,943,000 | 3,182,000 | 3,169,000 | 2,916,000 | 2,770,000 | 2,742,000 | 2,643,000 | 2,745,000 | 2,691,000 | 2,481,000 | 2,453,000 | 2,740,000 | 2,753,000 | 2,786,000 | 2,753,000 | 2,761,000 |
| 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 |
| Quick ratio | 0.87 | 0.89 | 0.93 | 0.86 | 0.51 | 1.03 | 1.03 | 0.93 | 0.72 | 1.41 | 1.45 | 1.51 | 0.75 | 0.99 | 1.07 | 0.82 | 0.39 | 0.79 | 0.72 | 0.81 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,228,000K
+ $—K
+ $2,914,000K)
÷ $4,760,000K
= 0.87
The quick ratio of Tenet Healthcare Corp. has been relatively stable over the past eight quarters, ranging from 1.22 to 1.31. This indicates the company's ability to meet its short-term financial obligations using its most liquid assets. A quick ratio greater than 1 suggests that the company has an adequate level of liquid assets to cover its current liabilities. The slight fluctuations in the quick ratio reflect potential changes in the company's liquidity position during the analyzed periods. Overall, Tenet Healthcare Corp.'s quick ratio appears consistently favorable, indicating a healthy liquidity position to handle its short-term obligations.
Peer comparison
Dec 31, 2023