Tenet Healthcare Balance Sheet Health
Financial Health criteria checks 3/6
Tenet Healthcare has a total shareholder equity of $5.5B and total debt of $14.8B, which brings its debt-to-equity ratio to 268.7%. Its total assets and total liabilities are $28.3B and $22.8B respectively. Tenet Healthcare's EBIT is $2.8B making its interest coverage ratio 3.1. It has cash and short-term investments of $1.2B.
Key information
268.7%
Debt to equity ratio
US$14.80b
Debt
Interest coverage ratio | 3.1x |
Cash | US$1.23b |
Equity | US$5.51b |
Total liabilities | US$22.80b |
Total assets | US$28.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THC1's short term assets ($7.2B) exceed its short term liabilities ($4.8B).
Long Term Liabilities: THC1's short term assets ($7.2B) do not cover its long term liabilities ($18.0B).
Debt to Equity History and Analysis
Debt Level: THC1's net debt to equity ratio (246.4%) is considered high.
Reducing Debt: THC1's debt to equity ratio has reduced from 683.5% to 268.7% over the past 5 years.
Debt Coverage: THC1's debt is not well covered by operating cash flow (16%).
Interest Coverage: THC1's interest payments on its debt are well covered by EBIT (3.1x coverage).