Tenet Healthcare Corporation (THC)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,171,000 | 3,834,000 | 3,475,000 | 3,453,000 | 1,608,000 | 1,464,000 | 1,343,000 | 1,233,000 | 1,142,000 | 1,235,000 | 1,087,000 | 1,056,000 | 1,028,000 | 722,000 | 261,000 | 123,000 | 28,000 | -374,000 | -257,000 | -358,000 |
| Debt-to-capital 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 | — | — | — |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,171,000K)
= 0.00
Tenet Healthcare Corporation's debt-to-capital ratio has shown a consistent decline from 2020 to 2024, reaching 0.00 as of December 31, 2024. This indicates that the company has effectively managed its debt in relation to its capital structure. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily composed of equity rather than debt, which can be seen as a positive sign for investors and creditors. It implies that the company may carry a lower financial risk due to its minimal reliance on debt financing. This trend suggests that Tenet Healthcare Corporation has been successful in reducing its debt levels and maintaining a strong financial position over the years. However, it's important to consider other financial metrics and external factors when assessing the overall financial health and performance of the company.
Peer comparison
Dec 31, 2024