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Community Health Systems (Community Health Systems) Debt-to-Equity : -8.75 (As of Dec. 2023)


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What is Community Health Systems Debt-to-Equity?

Community Health Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $145 Mil. Community Health Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $12,029 Mil. Community Health Systems's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-1,392 Mil. Community Health Systems's debt to equity for the quarter that ended in Dec. 2023 was -8.75.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Community Health Systems's Debt-to-Equity or its related term are showing as below:

CYH' s Debt-to-Equity Range Over the Past 10 Years
Min: -18.14   Med: -8.34   Max: 9.44
Current: -8.75

During the past 13 years, the highest Debt-to-Equity Ratio of Community Health Systems was 9.44. The lowest was -18.14. And the median was -8.34.

CYH's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.46 vs CYH: -8.75

Community Health Systems Debt-to-Equity Historical Data

The historical data trend for Community Health Systems's Debt-to-Equity 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.

* Premium members only.

Community Health Systems Debt-to-Equity Chart

Community Health Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.33 -7.93 -9.35 -9.06 -8.75

Community Health Systems Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.06 -8.62 -8.38 -8.56 -8.75

Competitive Comparison of Community Health Systems's Debt-to-Equity

For the Medical Care Facilities subindustry, Community Health Systems's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.


Community Health Systems's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Community Health Systems's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Community Health Systems's Debt-to-Equity falls into.



Community Health Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Community Health Systems's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Community Health Systems's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Community Health Systems  (NYSE:CYH) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Community Health Systems Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Community Health Systems's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Community Health Systems (Community Health Systems) Business Description

Traded in Other Exchanges
Address
4000 Meridian Boulevard, Franklin, TN, USA, 37067
Community Health Systems Inc is the largest publicly owned hospital operator in the United States. The company owns or leases over 83 hospitals located in nonurban and urban markets. The company also owns four home health agencies and provides management and consulting services to independent hospitals. The firm derives revenue through a broad range of general and specialized hospital healthcare services and outpatient services.
Executives
Wayne T Smith director, officer: Executive Officer and Director 500 WEST MAIN STREET, LOUISVILLE KY 40202
Charles J Cova officer: Regional President 4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Burgess Ronald L Jr director 4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Ely James S. Iii director 4000 MERIDIAN BLVD, FRANKLIN TN 37067
Susan W Brooks director 200 EAST JACKSON ST, MUNCIE IN 47305
Justin D Pitt officer: EVP and General Counsel 4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Joseph Arthur Hastings director 1573 MALLORY LANE, SUITE 100, BRENTWOOD TN 37027
John A Fry director C/O DELAWARE INVESTMENTS, 2005 MARKET ST. 34TH FL., PHILADELPHIA PA 19103
William Norris Jennings director 509 ALTA GATE ROAD, LOUISVILLE KY 40206
Chad A Campbell officer: Regional President 4000 MERIDIAN BLVD, FRANKLIN TN 37067
David E Nicely officer: Regional President 4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Kevin A Stockton officer: Regional President 4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Mark B Medley officer: Regional President 4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Austen D Mason officer: Regional President 4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Tian Qiao Chen 10 percent owner 2735 SAND HILL ROAD, #140, MENLO PARK CA 94025