Tenet Healthcare Corporation (THC)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 28,936,000 | 28,312,000 | 27,156,000 | 27,579,000 | 27,106,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $28,936,000K
= 0.00
Based on the provided data, the debt-to-assets ratio of Tenet Healthcare Corporation has remained consistently at 0.00 for the years ending December 31, in the years 2020, 2021, 2022, 2023, and 2024. This indicates that the company has not had any financial debt relative to its total assets during these years. A debt-to-assets ratio of 0.00 typically suggests that the company has a strong financial position with minimal debt obligations compared to its asset base. This can be seen as a positive indicator of financial stability and lower financial risk for Tenet Healthcare Corporation.
Peer comparison
Dec 31, 2024