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Tenet Healthcare THC Debt-to-assets

Debt-to-assets at other companies

HCA Healthcare logo
HCA HealthcareHCA
0.8×0.0×
BrightSpring Health Services, Inc. logo
BrightSpring Health Services, Inc.BTSG
0.4×0.0×
Encompass Health Corporation logo
Encompass Health CorporationEHC
0.4×0.0×
Cencora logo
CencoraCOR
0.1×0.0×
Healthpeak Properties logo
Healthpeak PropertiesDOC
0.0×
GE HealthCare Technologies logo
GE HealthCare TechnologiesGEHC
0.3×0.0×

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×
Current ratio1.4×-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 debt-to-assets?
Tenet Healthcare (THC) reported debt-to-assets of 0.4× in Q1 2026.
How has Tenet Healthcare's debt-to-assets changed year-over-year?
Tenet Healthcare's debt-to-assets decreased by 6.1% year-over-year, from 0.5× to 0.4×.
What is the long-term trend for Tenet Healthcare's debt-to-assets?
Over 4 years (2021 to 2025), Tenet Healthcare's debt-to-assets has grown at a -5.0% compound annual growth rate (CAGR), from 0.6× to 0.5×.
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.