Tenet Healthcare Corporation (THC)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,171,000K
= 0.00
The debt-to-equity ratio for Tenet Healthcare Corporation has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This low ratio indicates that the company has not used debt to finance its operations and has relied on equity to fund its activities during the specified period. A debt-to-equity ratio of 0.00 suggests that the company has a strong financial position with minimal debt relative to its equity, which may imply lower financial risk and greater stability. However, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of the company's overall financial health and performance.
Peer comparison
Dec 31, 2024