Tenet Healthcare Corporation (THC)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,171,000 | 1,608,000 | 1,142,000 | 1,028,000 | 28,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,171,000K)
= 0.00
The debt-to-capital ratio for Tenet Healthcare Corporation has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant component of its capital structure during this period. A debt-to-capital ratio of 0.00 implies that the company's total debt is minimal or non-existent relative to its total capital, which includes both debt and equity. This may suggest that Tenet Healthcare Corporation has been using alternative financing sources or relying more on equity financing to fund its operations and investments, resulting in a lower financial risk associated with debt. It is important to note that a low debt-to-capital ratio does not necessarily mean that the company is in a better or worse financial position, as the optimal capital structure varies depending on various factors such as industry norms, growth prospects, and risk tolerance.
Peer comparison
Dec 31, 2024