Tenet Healthcare Balance Sheet Health
Financial Health criteria checks 4/6
Tenet Healthcare has a total shareholder equity of $7.9B and total debt of $12.6B, which brings its debt-to-equity ratio to 159.6%. Its total assets and total liabilities are $29.3B and $21.4B respectively. Tenet Healthcare's EBIT is $3.1B making its interest coverage ratio 3.5. It has cash and short-term investments of $2.9B.
Key information
159.6%
Debt to equity ratio
US$12.56b
Debt
Interest coverage ratio | 3.5x |
Cash | US$2.88b |
Equity | US$7.87b |
Total liabilities | US$21.40b |
Total assets | US$29.27b |
Recent financial health updates
Does 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 02Here's Why Tenet Healthcare (NYSE:THC) Has A Meaningful Debt Burden
Jan 31Recent updates
An 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 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 11Financial Position Analysis
Short Term Liabilities: THC's short term assets ($8.0B) exceed its short term liabilities ($5.5B).
Long Term Liabilities: THC's short term assets ($8.0B) do not cover its long term liabilities ($15.9B).
Debt to Equity History and Analysis
Debt Level: THC's net debt to equity ratio (123%) is considered high.
Reducing Debt: THC's debt to equity ratio has reduced from 671% to 159.6% over the past 5 years.
Debt Coverage: THC's debt is well covered by operating cash flow (21.2%).
Interest Coverage: THC's interest payments on its debt are well covered by EBIT (3.5x coverage).