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
Here's Why Tenet Healthcare (NYSE:THC) Has A Meaningful Debt Burden
Nov 17
Here's Why Tenet Healthcare (NYSE:THC) Has A Meaningful Debt Burden
Aug 13Does Tenet Healthcare (NYSE:THC) Have A Healthy Balance Sheet?
Mar 18We Think Tenet Healthcare (NYSE:THC) Is Taking Some Risk With Its Debt
Nov 15Is Tenet Healthcare (NYSE:THC) Using Too Much Debt?
Aug 02Recent updates
Here'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 29Here's Why Tenet Healthcare (NYSE:THC) Has A Meaningful Debt Burden
Aug 13An Intrinsic Calculation For Tenet Healthcare Corporation (NYSE:THC) Suggests It's 42% Undervalued
Jul 11Tenet Healthcare: Asset Sales, Current Multiples Support Re-Rating (Rating Upgrade)
Jun 17With EPS Growth And More, Tenet Healthcare (NYSE:THC) Makes An Interesting Case
May 21Tenet Healthcare Corporation's (NYSE:THC) Shareholders Might Be Looking For Exit
Apr 30Does Tenet Healthcare (NYSE:THC) Have A Healthy Balance Sheet?
Mar 18Tenet Healthcare: Shrinking To Grow
Feb 04Tenet Healthcare Corporation (NYSE:THC) Might Not Be As Mispriced As It Looks
Dec 18We Think Tenet Healthcare (NYSE:THC) Is Taking Some Risk With Its Debt
Nov 15Tenet Healthcare: A Compelling Opportunity Despite Lofty Debt
Oct 13Is Tenet Healthcare (NYSE:THC) Using Too Much Debt?
Aug 02Tenet Healthcare: Muted Earnings Outlook Doesn't Inspire Confidence For Now
Jul 28Does This Valuation Of Tenet Healthcare Corporation (NYSE:THC) Imply Investors Are Overpaying?
Apr 13USPI and Providence extend hands to aid ambulatory surgical services
Feb 09Financial 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).