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HCA Healthcare HCA Debt-to-assets

Debt-to-assets at other companies

Humana logo
HumanaHUM
0.3×0.0×
Tenet Healthcare logo
Tenet HealthcareTHC
0.4×0.0×
BrightSpring Health Services, Inc. logo
BrightSpring Health Services, Inc.BTSG
0.4×0.0×
Cencora logo
CencoraCOR
0.1×0.0×
Encompass Health Corporation logo
Encompass Health CorporationEHC
0.4×0.0×
CVS Health logo
CVS HealthCVS
0.1×0.0×

Other financials

Income statement

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Revenue$19.1B+4.3%
Net income$1.6B+0.6%
EPS (diluted)$7.15+10.9%

Balance sheet

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Cash & equivalents$940.0M-11.3%
Total debt$49.8B+7.3%
Total equity-$6.3B-79.1%
Total assets$61.5B+2.8%

Cash flow

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Operating cash flow$2.0B+22.0%
CapEx$1.1B+12.9%
Free cash flow$895.0M+35.6%

Valuation

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Market cap$83.23B+24.4%
Enterprise value$132.13B+18.6%
P/E12.3×+0.7×
P/S1.1×+0.2×

Profitability

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Net margin8.9%+0.8pp
FCF margin10.4%+3.5pp

Returns & leverage

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Return on equity-138.3%
Debt / equity132.8×
Current ratio0.8×-0.4×

Where this comes from

Calculated from HCA Healthcare’s reported figures.

Based on the most recent quarter.

The official record: HCA Healthcare’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is HCA Healthcare's debt-to-assets?
HCA Healthcare (HCA) reported debt-to-assets of 0.8× in Q1 2026.
How has HCA Healthcare's debt-to-assets changed year-over-year?
HCA Healthcare's debt-to-assets increased by 4.5% year-over-year, from 0.8× to 0.8×.
What is the long-term trend for HCA Healthcare's debt-to-assets?
Over 5 years (2020 to 2025), HCA Healthcare's debt-to-assets has grown at a 4.8% compound annual growth rate (CAGR), from 0.7× to 0.9×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.