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HCA Healthcare HCA Net debt / EBITDA

Net debt / EBITDA at other companies

Humana logo
HumanaHUM
+1.6×
Tenet Healthcare logo
Tenet HealthcareTHC
2.2×-0.1×
BrightSpring Health Services, Inc. logo
BrightSpring Health Services, Inc.BTSG
3.4×-3.7×
Cencora logo
CencoraCOR
2.6×+1.2×
CVS Health logo
CVS HealthCVS
0.5×0.0×
Healthpeak Properties logo
Healthpeak PropertiesDOC

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

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 net debt / EBITDA?
HCA Healthcare (HCA) reported net debt / EBITDA of 3.1× in Q1 2026.
How has HCA Healthcare's net debt / EBITDA changed year-over-year?
HCA Healthcare's net debt / EBITDA decreased by 3.2% year-over-year, from 3.2× to 3.1×.
What is the long-term trend for HCA Healthcare's net debt / EBITDA?
Over 5 years (2020 to 2025), HCA Healthcare's net debt / EBITDA has grown at a 0.8% compound annual growth rate (CAGR), from 3.3× to 3.4×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.