Tenet Healthcare Balance Sheet Health
Financial Health criteria checks 4/6
Tenet Healthcare has a total shareholder equity of $8.1B and total debt of $12.6B, which brings its debt-to-equity ratio to 155.6%. Its total assets and total liabilities are $29.4B and $21.3B respectively. Tenet Healthcare's EBIT is $3.2B making its interest coverage ratio 3.7. It has cash and short-term investments of $4.1B.
Key information
155.6%
Debt to equity ratio
US$12.56b
Debt
| Interest coverage ratio | 3.7x |
| Cash | US$4.09b |
| Equity | US$8.08b |
| Total liabilities | US$21.30b |
| Total assets | US$29.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THC *'s short term assets ($8.8B) exceed its short term liabilities ($5.5B).
Long Term Liabilities: THC *'s short term assets ($8.8B) do not cover its long term liabilities ($15.8B).
Debt to Equity History and Analysis
Debt Level: THC *'s net debt to equity ratio (104.9%) is considered high.
Reducing Debt: THC *'s debt to equity ratio has reduced from 747.6% to 155.6% over the past 5 years.
Debt Coverage: THC *'s debt is well covered by operating cash flow (25.5%).
Interest Coverage: THC *'s interest payments on its debt are well covered by EBIT (3.7x coverage).