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 18Recent updates
Tenet 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 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: A Compelling Opportunity Despite Lofty Debt
Oct 13Tenet Healthcare: Muted Earnings Outlook Doesn't Inspire Confidence For Now
Jul 28USPI 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 16:34 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Tenet Healthcare Corporation is covered by 45 analysts. 18 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 |