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Tenet HealthcareTHC -0.15%75 Cash-to-Debt is 0.16 as of Jun. 2026, which is 100% above its 10-year median of 0.08. GuruFocus rates THC with a GF Score™ of 75/100 and a GF Value™ of $185.57 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 670 Healthcare Providers & Services companies, Tenet Healthcare ranks worse than 78.21% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Tenet Healthcare's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.16.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Tenet Healthcarecouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Tenet Healthcare's Cash-to-Debt or its related term are showing as below:
THC'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 0.32
Current: 0.16
During the past 13 years, Tenet Healthcare's highest Cash to Debt Ratio was 0.32. The lowest was 0.02. And the median was 0.08.
THC's Cash-to-Debt is ranked worse than 78.21% of 670
companies
in the Healthcare Providers & Services industry
Industry Median: 0.785
vs THC: 0.16
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Tenet Healthcare Cash-to-Debt Related Terms
Tenet Healthcare Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Tenet Healthcare's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Medical Care Facilities subindustry, Tenet Healthcare's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tenet Healthcare Cash-to-Debt vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Tenet Healthcare's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Tenet Healthcare's Cash-to-Debt falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tenet Healthcare (THC) has a Cash-to-Debt of 0.16 as of Jun. 2026. This is 100% above median its historical median of 0.08. Over the past decade, Tenet Healthcare's Cash-to-Debt has ranged from 0.02 to 0.32. According to the industry distribution chart, Tenet Healthcare ranks #524 out of 670 companies in the Healthcare Providers & Services industry, placing it in the top 78.2%.
Is Tenet Healthcare's Cash-to-Debt too high?
Tenet Healthcare's current Cash-to-Debt of 0.16 is 100% above median its 10-year median of 0.08. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.32. The Healthcare Providers & Services industry median Cash-to-Debt is 0.79. Tenet Healthcare's value of 0.16 is 79.6% below this industry median. Based on the distribution chart, Tenet Healthcare ranks #524 out of 670 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Tenet Healthcare has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tenet Healthcare's Cash-to-Debt compare to EHC and DVA?
According to the Healthcare Providers & Services industry distribution chart, Tenet Healthcare ranks #524 out of 670 companies for Cash-to-Debt. This places Tenet Healthcare in the lower half of its industry. The industry median Cash-to-Debt is 0.79. Tenet Healthcare's value of 0.16 is 79.6% below this benchmark. Historically, Tenet Healthcare's own Cash-to-Debt has ranged from 0.02 to 0.32 over the past decade. While the company's 10-year median is 0.08 vs. the industry median of 0.79, Tenet Healthcare has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Healthcare Providers & Services company?
The median Cash-to-Debt among Healthcare Providers & Services companies is 0.79, based on 670 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenet Healthcare's current Cash-to-Debt of 0.16 is 79.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Healthcare Providers & Services industry, the median Cash-to-Debt is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenet Healthcare's current Cash-to-Debt is 0.16, which is 100% above median its own 10-year median of 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenet Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Tenet Healthcare (THC) is currently considered Significantly Overvalued. The stock's GF Value™ is $185.57, compared to a current price of $264.64 — trading 42.6% above its estimated fair value. The current Cash-to-Debt is 0.16, which is 100% above median its 10-year median of 0.08 and 79.6% below the Healthcare Providers & Services industry median of 0.79. Tenet Healthcare's overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Tenet Healthcare (THC), the current Cash-to-Debt is 0.16 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tenet Healthcare (THC) Overvalued in 2026?
Based on GuruFocus' analysis, Tenet Healthcare stock appears to be overvalued.
The current stock price of $264.64 is trading 42.6% above its estimated GF Value™ of $185.57.
GuruFocus considers Tenet Healthcare to be Significantly Overvalued.
Key valuation signals for THC:
Cash-to-Debt: 0.16 (100% above median its 10-year median of 0.08)
GF Value™: $185.57 vs. price of $264.64 (42.6% above fair value)
Industry Position: 79.6% below the Healthcare Providers & Services median (#524 of 670)
No single metric tells the full story. See the THC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tenet Healthcare is a Dallas-based healthcare services organization. It operates acute and specialty hospitals (50 as of December 2025) and hundreds of ambulatory surgery centers and other outpatient facilities across the US, primarily in the South. Through its Conifer segment, Tenet also provides revenue cycle management solutions.
75GF Score
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