Tenet Healthcare Balance Sheet Health
Financial Health criteria checks 4/6
Tenet Healthcare has a total shareholder equity of $7.7B and total debt of $12.6B, which brings its debt-to-equity ratio to 163.7%. Its total assets and total liabilities are $28.9B and $21.2B respectively. Tenet Healthcare's EBIT is $3.0B making its interest coverage ratio 3.3. It has cash and short-term investments of $2.5B.
Key information
163.7%
Debt to equity ratio
US$12.56b
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$2.48b |
| Equity | US$7.67b |
| Total liabilities | US$21.24b |
| Total assets | US$28.91b |
Recent financial health updates
Does Tenet Healthcare (NYSE:THC) Have A Healthy Balance Sheet?
Mar 18
We Think Tenet Healthcare (NYSE:THC) Is Taking Some Risk With Its Debt
Nov 15Is Tenet Healthcare (NYSE:THC) Using Too Much Debt?
Aug 02Here's Why Tenet Healthcare (NYSE:THC) Has A Meaningful Debt Burden
Jan 31Does Tenet Healthcare (NYSE:THC) Have A Healthy Balance Sheet?
Oct 09Recent updates
With 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 09Here's Why Tenet Healthcare (NYSE:THC) Has A Meaningful Debt Burden
Jan 31Tenet Healthcare: Compressed Multiples Appear Justified
Jan 27Tenet Health gains on on report David Einhorn's Greenlight has stake
Jan 17An Intrinsic Calculation For Tenet Healthcare Corporation (NYSE:THC) Suggests It's 22% Undervalued
Jan 13Tenet Healthcare: Earnings Headwinds With Mixed Technicals
Nov 11Tenet Healthcare Q3 2022 Earnings Preview
Oct 19Does Tenet Healthcare (NYSE:THC) Have A Healthy Balance Sheet?
Oct 09Tenet Healthcare: Mixed Debate, Rate Neutral On Valuation
Aug 25Financial Position Analysis
Short Term Liabilities: THC's short term assets ($7.8B) exceed its short term liabilities ($5.4B).
Long Term Liabilities: THC's short term assets ($7.8B) do not cover its long term liabilities ($15.8B).
Debt to Equity History and Analysis
Debt Level: THC's net debt to equity ratio (131.3%) is considered high.
Reducing Debt: THC's debt to equity ratio has reduced from 691.3% to 163.7% over the past 5 years.
Debt Coverage: THC's debt is well covered by operating cash flow (20%).
Interest Coverage: THC's interest payments on its debt are well covered by EBIT (3.3x coverage).