Tenet Healthcare Corporation (THC)
Quick ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 3,019,000 | 4,094,000 | 2,880,000 | 2,481,000 | 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 |
| 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 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,310,000 | 5,538,000 | 5,493,000 | 5,416,000 | 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 |
| Quick ratio | 0.70 | 0.74 | 0.52 | 0.46 | 0.26 | 0.24 | 0.22 | 0.18 | -0.15 | 0.28 | 0.31 | 0.30 | 0.18 | 0.90 | 0.93 | 0.96 | 0.19 | 0.57 | 0.63 | 0.15 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,019,000K
+ $—K
+ $—K)
÷ $4,310,000K
= 0.70
The quick ratio of Tenet Healthcare Corporation has shown fluctuations over the specified period. It started at a low of 0.15 on March 31, 2020, indicating a liquidity concern. However, there was a significant improvement by March 31, 2021, with a ratio of 0.96, reflecting a strong ability to meet short-term obligations with liquid assets.
Subsequently, the quick ratio remained above 0.90 until March 31, 2022, signaling a stable liquidity position. However, there was a drop to 0.30 by the end of the first quarter of 2022. This decline continued through the third quarter of 2022, reaching 0.28, potentially raising liquidity risk concerns.
By the end of 2023, the quick ratio improved again to 0.26, showing a partial recovery. The upward trend continued in 2024, with the quick ratio reaching 0.70 by the end of December, indicating a healthier liquidity position.
Overall, fluctuations in the quick ratio of Tenet Healthcare Corporation suggest varying levels of liquidity risk and operational efficiency over the analyzed period. It is important for stakeholders to monitor these changes to assess the company's ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024