Tenet Healthcare (FRA:THC1) Debt-to-EBITDA : (As of Jun. 2026)

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FRA:THC1 Tenet Healthcare Corp FRA:THC1
75 GF Score
Price €228.00
GF Value €159.12
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Tenet Healthcare Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Tenet Healthcare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €140 Mil. Tenet Healthcare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €11,448 Mil. Tenet Healthcare's annualized EBITDA for the quarter that ended in Jun. 2026 was €6,051 Mil. Tenet Healthcare's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 1.91.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Tenet Healthcare's Debt-to-EBITDA or its related term are showing as below:

FRA:THC1' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.91   Med: 5.5   Max: 8.31
Current: 2.38

During the past 13 years, the highest Debt-to-EBITDA Ratio of Tenet Healthcare was 8.31. The lowest was 1.91. And the median was 5.50.

FRA:THC1's Debt-to-EBITDA is ranked worse than
52.49% of 482 companies
in the Healthcare Providers & Services industry
Industry Median: 2.2 vs FRA:THC1: 2.38

Tenet Healthcare  (FRA:THC1) Debt-to-EBITDA Explanation

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

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Tenet Healthcare Debt-to-EBITDA Related Terms

Tenet Healthcare Debt-to-EBITDA Historical Data

* Premium members only.

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

Tenet Healthcare Debt-to-EBITDA Chart

Tenet Healthcare Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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Tenet Healthcare Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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FRA:THC1 vs EHC, DVA, UHS: Debt-to-EBITDA Comparison

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

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

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


FRA:THC1
75GF Score
Tenet Healthcare Corp FRA:THC1
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tenet Healthcare Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Tenet Healthcare's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(249.47847928818 + 12035.420835285) / 3973.1415961584
=3.09

Tenet Healthcare's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(139.94577101373 + 11447.564068923) / 6051.3816706892
=1.91

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Is Tenet Healthcare (FRA:THC1) Overvalued in 2026?

Based on GuruFocus' analysis, Tenet Healthcare stock appears to be overvalued. The current stock price of €228.00 is trading 43.3% above its estimated GF Value™ of €159.12. GuruFocus considers Tenet Healthcare to be Significantly Overvalued.

Key valuation signals for FRA:THC1:

  • Debt-to-EBITDA:
  • GF Value™: €159.12 vs. price of €228.00 (43.3% above fair value)
  • GF Score™: 75/100 with 6 warning signs

No single metric tells the full story. See the FRA:THC1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tenet Healthcare Business Description

Other Exchanges THC:USA1THC:Italy
Address 14201 Dallas Parkway, Dallas, TX, USA, 75254
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

Get the complete analysis for FRA:THC1

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€228.00
Price
€159.12
GF Value