Tenet Healthcare Balance Sheet Health
Financial Health criteria checks 3/6
Tenet Healthcare has a total shareholder equity of $8.3B and total debt of $12.6B, which brings its debt-to-equity ratio to 151.5%. Its total assets and total liabilities are $28.7B and $20.4B respectively. Tenet Healthcare's EBIT is $3.5B making its interest coverage ratio 4.3. It has cash and short-term investments of $2.6B.
Key information
151.51%
Debt to equity ratio
US$12.58b
Debt
| Interest coverage ratio | 4.3x |
| Cash | US$2.63b |
| Equity | US$8.30b |
| Total liabilities | US$20.40b |
| Total assets | US$28.70b |
Recent financial health updates
These 4 Measures Indicate That Tenet Healthcare (NYSE:THC) Is Using Debt Extensively
Jul 04
We Think Tenet Healthcare (NYSE:THC) Is Taking Some Risk With Its Debt
Apr 02Here's Why Tenet Healthcare (NYSE:THC) Has A Meaningful Debt Burden
Nov 17Recent updates
Tenet Healthcare Continues To Win In Q2, But Medicaid Cuts May Threaten Growth Beyond 2026
Jul 23These 4 Measures Indicate That Tenet Healthcare (NYSE:THC) Is Using Debt Extensively
Jul 04Shareholders May Be More Conservative With Tenet Healthcare Corporation's (NYSE:THC) CEO Compensation For Now
May 16There's No Escaping Tenet Healthcare Corporation's (NYSE:THC) Muted Earnings Despite A 26% Share Price Rise
May 07Is Now An Opportune Moment To Examine Tenet Healthcare Corporation (NYSE:THC)?
Apr 29We Think Tenet Healthcare (NYSE:THC) Is Taking Some Risk With Its Debt
Apr 02Minimal Medicaid Exposure Puts Tenet Healthcare In A Good Position
Mar 20The Market Doesn't Like What It Sees From Tenet Healthcare Corporation's (NYSE:THC) Earnings Yet
Mar 15Solid Earnings May Not Tell The Whole Story For Tenet Healthcare (NYSE:THC)
Feb 25The Tenet Healthcare Corporation (NYSE:THC) Full-Year Results Are Out And Analysts Have Published New Forecasts
Feb 21Here's Why Tenet Healthcare (NYSE:THC) Has Caught The Eye Of Investors
Jan 29Tenet Healthcare Stock: An Improved Option Here (Rating Upgrade)
Dec 30Tenet Healthcare: Walk-In Surgical Care Facilities Are A Key Revenue Driver
Dec 17Here's Why Tenet Healthcare (NYSE:THC) Has A Meaningful Debt Burden
Nov 17Tenet Healthcare: Targeting More Stable Demand In High-Acuity Services
Nov 04With EPS Growth And More, Tenet Healthcare (NYSE:THC) Makes An Interesting Case
Oct 30Tenet Healthcare: Becoming A Very Healthy Business
Sep 09Earnings Working Against Tenet Healthcare Corporation's (NYSE:THC) Share Price
Sep 06Tenet Healthcare: Strong EPS Growth, But Shares Near FV (Rating Downgrade)
Aug 29
Expansive Growth Strategy And Cybersecurity Concerns Cast A Shadow On Financial Health
Aggressive expansion and significant investments may strain operational efficiencies and financial resources, potentially impacting future earnings and liquidity.Tenet Healthcare: Asset Sales, Current Multiples Support Re-Rating (Rating Upgrade)
Jun 17Tenet Healthcare: Shrinking To Grow
Feb 04Financial Position Analysis
Short Term Liabilities: THC's short term assets ($7.3B) exceed its short term liabilities ($4.3B).
Long Term Liabilities: THC's short term assets ($7.3B) do not cover its long term liabilities ($16.1B).
Debt to Equity History and Analysis
Debt Level: THC's net debt to equity ratio (119.9%) is considered high.
Reducing Debt: THC's debt to equity ratio has reduced from 705.2% to 151.5% over the past 5 years.
Debt Coverage: THC's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: THC's interest payments on its debt are well covered by EBIT (4.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/08/26 03:32 |
| End of Day Share Price | 2025/08/26 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Tenet Healthcare Corporation is covered by 48 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brian Kemp Dolliver | Avondale Partners |
| Hua Ha | Baird |
| Ishan Majumdar | Baptista Research |