Tenet Healthcare Corporation (THC)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 28,312,000 | 27,590,000 | 27,157,000 | 27,067,000 | 27,156,000 | 27,076,000 | 26,621,000 | 26,650,000 | 27,579,000 | 25,913,000 | 26,565,000 | 27,579,000 | 27,106,000 | 26,187,000 | 26,250,000 | 23,823,000 | 23,365,000 | 23,357,000 | 23,207,000 | 23,158,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 remained relatively stable over the past eight quarters, ranging between 0.53 and 0.57. This ratio indicates that, on average, approximately 53-57% of the company's assets are financed through debt. The trend suggests that the company has been able to effectively manage its debt levels relative to its total assets, maintaining a moderate level of leverage. While the ratio has shown slight fluctuations, overall, Tenet Healthcare Corp. appears to have a balanced capital structure, neither overly reliant on debt nor excessively conservative in its financing approach. Further analysis of the company's financial health should consider other relevant ratios and factors to gain a comprehensive understanding of its overall financial position.
Peer comparison
Dec 31, 2023