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Tenet HealthcareMIL:1THC 48 Quick Ratio is 1.35 as of Jun. 2026, which is 5% above its 10-year median of 1.29. GuruFocus rates MIL:1THC with a GF Score™ of 48/100 and a GF Value™ of €159.76 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 679 Healthcare Providers & Services companies, Tenet Healthcare ranks better than 51.84% on this metric.
Tenet Healthcare has a quick ratio of 1.35. It generally indicates good short-term financial strength.
The historical rank and industry rank for Tenet Healthcare's Quick Ratio or its related term are showing as below:
MIL:1THC'
s Quick Ratio Range Over the Past 10 Years
Min: 0.99 Med: 1.29 Max: 1.7
Current: 1.35
During the past 13 years, Tenet Healthcare's highest Quick Ratio was 1.70. The lowest was 0.99. And the median was 1.29.
MIL:1THC's Quick Ratio is ranked better than 51.84% of 679
companies
in the Healthcare Providers & Services industry
Industry Median: 1.31
vs MIL:1THC: 1.35
Tenet Healthcare (MIL:1THC) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Tenet Healthcare Quick Ratio Related Terms
Tenet Healthcare Quick Ratio Historical Data
* Premium members only.
The historical data trend for Tenet Healthcare's Quick Ratio 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.
MIL:1THC vs DVA, EHC, ENSG: Quick Ratio Comparison
For the Medical Care Facilities subindustry, Tenet Healthcare's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Tenet Healthcare's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Tenet Healthcare's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Tenet Healthcare's Quick Ratio for the fiscal year that ended in Dec. 2025 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.
Tenet Healthcare (MIL:1THC) has a Quick Ratio of 1.35 as of Jun. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Tenet Healthcare and its competitors. This is near median its historical median of 1.29. Over the past decade, Tenet Healthcare's Quick Ratio has ranged from 0.99 to 1.70. According to the industry distribution chart, Tenet Healthcare ranks #327 out of 679 companies in the Healthcare Providers & Services industry, placing it in the top 48.2%.
Is Tenet Healthcare's Quick Ratio too high?
Tenet Healthcare's current Quick Ratio of 1.35 is near median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 1.70. The Healthcare Providers & Services industry median Quick Ratio is 1.31. Tenet Healthcare's value of 1.35 is 3.1% above this industry median. Based on the distribution chart, Tenet Healthcare ranks #327 out of 679 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Tenet Healthcare has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tenet Healthcare's Quick Ratio compare to DVA and EHC?
According to the Healthcare Providers & Services industry distribution chart, Tenet Healthcare ranks #327 out of 679 companies for Quick Ratio. This puts Tenet Healthcare in the upper half of its industry. The industry median Quick Ratio is 1.31. Tenet Healthcare's value of 1.35 is 3.1% above this benchmark. Historically, Tenet Healthcare's own Quick Ratio has ranged from 0.99 to 1.70 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 1.31, Tenet Healthcare has consistently been above 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 Quick Ratio for a Healthcare Providers & Services company?
The median Quick Ratio among Healthcare Providers & Services companies is 1.31, based on 679 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenet Healthcare's current Quick Ratio of 1.35 is 3.1% above 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Tenet Healthcare and its competitors. For the Healthcare Providers & Services industry, the median Quick Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenet Healthcare's current Quick Ratio is 1.35, which is near median its own 10-year median of 1.29. 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 (MIL:1THC) is currently considered Significantly Overvalued. The stock's GF Value™ is €159.76, compared to a current price of €222.00 — trading 39% above its estimated fair value. The current Quick Ratio is 1.35, which is near median its 10-year median of 1.29 and 3.1% above the Healthcare Providers & Services industry median of 1.31. Tenet Healthcare's overall GF Score™ is 48/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Tenet Healthcare (MIL:1THC), the current Quick Ratio is 1.35 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 (MIL:1THC) Overvalued in 2026?
Based on GuruFocus' analysis, Tenet Healthcare stock appears to be overvalued.
The current stock price of €222.00 is trading 39% above its estimated GF Value™ of €159.76.
GuruFocus considers Tenet Healthcare to be Significantly Overvalued.
Key valuation signals for MIL:1THC:
Quick Ratio: 1.35 (near median its 10-year median of 1.29)
GF Value™: €159.76 vs. price of €222.00 (39% above fair value)
Industry Position: 3.1% above the Healthcare Providers & Services median (#327 of 679)
No single metric tells the full story. See the MIL:1THC 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.
48GF Score
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