Tenet Healthcare Corporation (THC)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,171,000K
= 0.00
Tenet Healthcare Corporation's debt-to-equity ratio has consistently remained at 0.00 since December 31, 2020, and is projected to stay at this level for the foreseeable future as per the data provided. A debt-to-equity ratio of 0.00 indicates that the company has no debt and is wholly funded by equity. This can be seen as a positive sign of financial stability and a lower financial risk for the company, as there is no significant reliance on borrowed funds to finance its operations or growth. However, it is important to note that a very low debt-to-equity ratio may also suggest an underutilization of financial leverage, which could potentially limit the company's ability to maximize returns for its shareholders.
Peer comparison
Dec 31, 2024