Tenet Healthcare Corporation (THC)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 28,936,000 | 29,372,000 | 29,265,000 | 28,907,000 | 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 | 26,554,000 | 27,106,000 | 26,187,000 | 26,250,000 | 23,823,000 |
| 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 |
| Financial leverage ratio | 6.94 | 7.66 | 8.42 | 8.37 | 17.61 | 18.85 | 20.22 | 21.95 | 23.78 | 21.92 | 24.49 | 25.24 | 26.83 | 35.89 | 101.78 | 215.89 | 968.07 | — | — | — |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $28,936,000K ÷ $4,171,000K
= 6.94
The financial leverage ratio of Tenet Healthcare Corporation has shown a significant decline over the past few years, indicating a trend towards lower leverage and potentially improved financial stability. From a high of 968.07 in December 2020, the ratio has steadily decreased to 6.94 by December 2024. This signifies that the company has been reducing its reliance on debt to finance its operations and investments. Lower leverage ratios generally indicate a stronger financial position and lower risk of default, as the company has a lower level of debt relative to its equity. Overall, the decreasing trend in the financial leverage ratio of Tenet Healthcare Corporation suggests a more sustainable capital structure and improved financial health.
Peer comparison
Dec 31, 2024