Tenet Healthcare Corporation (THC)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 | 0.00 | 0.00 | 0.00 |
| 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 | — | — | — |
| 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 | — | — | — |
| 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 | — | — | — |
Tenet Healthcare Corporation's solvency ratios exhibit a strong financial position with consistently low debt levels relative to its assets. The Debt-to-assets ratio has been steady at 0.00 over the years, indicating that the company's assets are not significantly financed by debt.
The Debt-to-capital ratio, which was not available for the quarters up to December 2020, gradually declined to 0.00 from March 2021 to December 2024. This suggests that Tenet Healthcare relies less on debt funding and has a strong capital structure.
Similarly, the Debt-to-equity ratio was also at 0.00 from December 2020 to December 2024, indicating that the company has a low level of debt compared to its equity, further reflecting a stable financial posture.
The Financial leverage ratio, which was significantly high at 968.07 in December 2020, has shown a consistent downward trend to 6.94 in December 2024. This decrease signifies that the company has been reducing its reliance on debt to finance its operations, improving its leverage position over time.
Overall, the solvency ratios of Tenet Healthcare Corporation demonstrate a robust financial standing, with low debt levels and a solid capital structure, indicating a lower risk of financial distress and a strong ability to meet its financial obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 4.21 | 4.07 | 3.40 | 3.27 | 3.01 | 2.70 | 2.67 | 2.59 | 2.62 | 2.93 | 2.94 | 2.96 | 2.83 | 3.03 | 2.63 | 2.49 | 2.30 | 1.82 | 1.94 | 1.87 |
Tenet Healthcare Corporation's interest coverage ratio, which indicates the company's ability to cover its interest expenses with its operating income, has shown fluctuations over the period from March 31, 2020, to December 31, 2024.
The interest coverage ratio increased from 1.87 on March 31, 2020, to 4.21 on December 31, 2024. This improvement suggests that Tenet Healthcare's ability to meet its interest obligations from its operating income strengthened over the period.
There were some fluctuations in the ratio throughout the period, with minor decreases in between. Notably, the interest coverage ratio peaked at 4.21 on December 31, 2024, indicating a strong ability to cover interest payments during that period.
Overall, the trend in Tenet Healthcare Corporation's interest coverage ratio shows an improvement in its ability to meet interest expenses with operating income, reflecting positively on the company's financial health and management of its debt obligations.