How do you interpret hospital operations — operating lease liability?

An increase indicates higher reliance on leased assets, which may impact financial leverage and future cash flow commitments.

How does hospital operations — operating lease liability compare across companies?

Standard balance sheet liability under ASC 842 for all companies with significant lease portfolios.

Tenet Healthcare THC Hospital Operations — Operating lease liability

Discontinued — last reported Q3 '22

Similar metrics at other companies

EHCHome Healthand Hospice — Operating Lease Liability Current

$100K—

GHOperating lease liabilities

-$8.6M+10.0%

EHCHome Health and Hospice — Long-term operating lease liabilities

$200K—

AROperating And Finance Lease Liability Noncurrent

$1.55B-22.7%

EQHNew York City — Operating lease liabilities

$448M—

BPOPOperating Lease Liabilities (Total)

——

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$1.6B+101%

CapEx$180.0M+4.0%

Free cash flow$1.5B+128%

Valuation

See full

Market cap$14.86B—

Enterprise value$25.19B—

P/E5.6×—

P/S0.7×—

Profitability

See full

Operating margin18%+0.4pp

Net margin12.4%+0.9pp

FCF margin15.6%—

Returns & leverage

See full

Return on equity58.9%-2.7pp

Debt / equity2.8×-0.4×

Current ratio1.4×-0.4×

Where this comes from

Reported directly by Tenet Healthcare in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLiability.

The official record: Tenet Healthcare’s 10-Q, filed October 30, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tenet Healthcare's hospital operations — operating lease liability?: Tenet Healthcare (THC) reported hospital operations — operating lease liability of $109M in Q3 2022.
What does hospital operations — operating lease liability mean?: The total financial obligation for operating leases of hospital facilities.
How do you interpret hospital operations — operating lease liability?: An increase indicates higher reliance on leased assets, which may impact financial leverage and future cash flow commitments.
How does hospital operations — operating lease liability compare across companies?: Standard balance sheet liability under ASC 842 for all companies with significant lease portfolios.