THC (Tenet Healthcare) Debt-to-Asset : 0.44 (As of Sep. 2024)

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What is Tenet Healthcare Debt-to-Asset?

Tenet Healthcare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $95 Mil. Tenet Healthcare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $12,776 Mil. Tenet Healthcare's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $29,372 Mil. Tenet Healthcare's debt to asset for the quarter that ended in Sep. 2024 was 0.44.

Tenet Healthcare Debt-to-Asset Historical Data

The historical data trend for Tenet Healthcare's Debt-to-Asset 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.

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Tenet Healthcare Debt-to-Asset Chart

Tenet Healthcare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.63

0.58

0.57

0.56

0.53

Tenet Healthcare Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.55	0.53	0.45	0.44	0.44

Competitive Comparison of Tenet Healthcare's Debt-to-Asset

For the Medical Care Facilities subindustry, Tenet Healthcare's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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's Debt-to-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Tenet Healthcare's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Tenet Healthcare's Debt-to-Asset falls into.

Tenet Healthcare Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tenet Healthcare's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(120	+	14882)	/	28312
	=	0.53

Tenet Healthcare's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(95	+	12776)	/	29372
	=	0.44

Tenet Healthcare (NYSE:THC) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Tenet Healthcare Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Tenet Healthcare's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Tenet Healthcare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Tenet Healthcare Corp (NYSE:THC) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

THC:Mexico THC1:Germany

Address

14201 Dallas Parkway, Dallas, TX, USA, 75254

Website

https://www.tenethealth.com

Tenet Healthcare is a Dallas-based healthcare services organization. It operates a collection of hospitals (about 50 as of July 2024) and over 500 ambulatory surgery centers and other outpatient facilities across the U.S., primarily in the South. Through its Conifer segment, Tenet also provides revenue cycle management solutions.

Executives

Lisa Y Foo	officer: EVP, Commercial Ops	14201 DALLAS PARKWAY, DALLAS TX 75254
R. Scott Ramsey	officer: Principal Accounting Officer	1445 ROSS AVENUE, SUITE 1400, DALLAS TX 75202
Richard W Fisher	director
Paola M Arbour	officer: EVP, Chief Information Officer	14201 DALLAS PARKWAY, DALLAS TX 75254
Saumya Sutaria	officer: Chief Operating Officer	14201 DALLAS PARKWAY, DALLAS TX 75254
Meghan Fitzgerald	director	C/O VION PHARMACEUTICALS, INC., 4 SCIENCE PARK, NEW HAVEN CT 06511
J Robert Kerrey	director	NEW SCHOOL UNIVERSITY, 66 W. 12TH STREET, NEW YORK NY 10036
Christopher S. Lynch	director	8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Nadja West	director	1915 REXFORD ROAD, CHARLOTTE NC 28211
Thomas W Arnst	officer: EVP, Chief Admin. Officer & GC	14201 DALLAS PARKWAY, DALLAS TX 75254
Richard J Mark	director	1901 CHOUTEAU AVENUE MC-1310, ST. LOUIS MO 63103
Roy Blunt	director	2702 LOVE FIELD DRIVE, HDQ 4GC, DALLAS TX 75235
Stephen H Rusckowski	director	C/O QUEST DIAGNOSTICS, 500 PLAZA DRIVE, SECAUCUS NJ 07094
Tammy Romo	director	C/O SOUTHWEST AIRINES CO., 2702 LOVE FIELD DR., DALLAS TX 75235
Daniel J Cancelmi	officer: Principal Accounting Officer	13737 NOEL ROAD, SUITE 100, DALLAS TX 75240