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Tenet Healthcare THC Current ratio

Current ratio at other companies

HCA Healthcare logo
HCA HealthcareHCA
0.8×-0.4×
STERIS logo
STERISSTE
2.1×+0.1×
Cencora logo
CencoraCOR
0.9×+0.1×
Humana logo
HumanaHUM
1.8×-0.1×
CVS Health logo
CVS HealthCVS
0.9×0.0×
GE HealthCare Technologies logo
GE HealthCare TechnologiesGEHC
1.2×+0.2×

Other financials

Income statement

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Revenue$5.4B+2.8%
Operating income$1.3B+37.4%
Net income$906.0M+45.7%
EPS (diluted)$8.01+87.6%

Balance sheet

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Cash & equivalents$3.0B-1.1%
Total debt$13.3B+0.2%
Total equity$4.8B+15.1%
Total assets$31.2B+6.7%

Cash flow

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Operating cash flow$1.6B+101%
CapEx$180.0M+4.0%
Free cash flow$1.5B+128%

Valuation

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Market cap$14.86B
Enterprise value$25.19B
P/E5.6×
P/S0.7×

Profitability

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Operating margin18%+0.4pp
Net margin12.4%+0.9pp
FCF margin15.6%

Returns & leverage

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Return on equity58.9%-2.7pp
Debt / equity2.8×-0.4×

Where this comes from

Calculated from Tenet Healthcare’s reported figures.

Based on the most recent quarter.

The official record: Tenet Healthcare’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tenet Healthcare's current ratio?
Tenet Healthcare (THC) reported current ratio of 1.4× in Q1 2026.
How has Tenet Healthcare's current ratio changed year-over-year?
Tenet Healthcare's current ratio decreased by 23.6% year-over-year, from 1.8× to 1.4×.
What is the long-term trend for Tenet Healthcare's current ratio?
Over 4 years (2021 to 2025), Tenet Healthcare's current ratio has grown at a 6.2% compound annual growth rate (CAGR), from 1.4× to 1.8×.
What does current ratio mean?
Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?
Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?
Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.