Tenet Healthcare Corporation (THC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 28,312,000 | 27,156,000 | 27,579,000 | 27,106,000 | 23,365,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $28,312,000K
= 0.00
The debt-to-assets ratio of Tenet Healthcare Corp. has shown a decreasing trend over the past five years, indicating improvements in the company's debt management and asset utilization. The ratio decreased from 0.63 in 2019 to 0.53 in 2023. This suggests that Tenet Healthcare has reduced its reliance on debt financing relative to its total assets over the period, which can be a positive signal of financial health and stability. Overall, the decreasing trend in the debt-to-assets ratio may indicate an enhanced ability to meet financial obligations and potentially lower financial risk for the company.
Peer comparison
Dec 31, 2023