HCA Healthcare (HCA) Debt to Equity (2010 - 2026)
HCA Healthcare (HCA) reported Debt to Equity of -$16.13 for Q1 2026, up 84.15% year-over-year from -$8.76 in Q1 2025, and down 109.05% quarter-over-quarter from -$7.71 in Q4 2025.
HCA Healthcare (HCA) Debt to Equity (2010 - 2026) Analysis & Trends
HCA Healthcare (HCA) has 17 years of Debt to Equity data on file, last reported at -$16.13 in Q1 2026.
- Debt to Equity for Q1 2026 came in at -$16.13, up 84.15% year-over-year; the trailing twelve-month figure through Mar 2026 was -$16.13 (up 84.15% YoY), and the FY2025 annual result was -$7.71, down 109.95% from the prior year.
- Debt to Equity retreated to -$16.13 in Q1 2026 per HCA's latest filing, from -$7.71 in the prior quarter.
- Over five years, Debt to Equity peaked at $167.48 in Q1 2023 and troughed at -$521.7 in Q4 2022.
- A 5-year average of -$5.97 and a median of $30.53 in 2024 frame the typical range for Debt to Equity.
- On a YoY basis, Debt to Equity climbed as much as 627.32% in 2022 and fell as far as 2346.48% in 2022.
- A 5-year view of Debt to Equity shows it stood at -$521.7 in 2022, then soared by 107.16% to $37.35 in 2023, then surged by 107.58% to $77.53 in 2024, then slumped by 109.95% to -$7.71 in 2025, then slumped by 109.05% to -$16.13 in 2026.
- Business Quant data shows HCA's Debt to Equity at -$16.13 in Q1 2026, -$7.71 in Q4 2025, and -$20.62 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | -16.13 |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 2.74 |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | -22.31 |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 0.78 |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 0.06 |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 0.63 |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 0.51 |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 0.11 |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 0.05 |
| 10 | Concentra Group Holdings Parent | 3.59 Bn | 3.54 Bn | 170.47 Mn | 3.65 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -16.13 |
| Dec 31, 2025 | -7.71 |
| Sep 30, 2025 | -20.62 |
| Jun 30, 2025 | -35.93 |
| Mar 31, 2025 | -101.77 |
| Dec 31, 2024 | 77.53 |
| Sep 30, 2024 | 54.66 |
| Jun 30, 2024 | 30.53 |
| Mar 31, 2024 | 31.65 |
| Dec 31, 2023 | 37.35 |
| Sep 30, 2023 | 110.21 |
| Jun 30, 2023 | 84.45 |
| Mar 31, 2023 | 167.48 |
| Dec 31, 2022 | -521.70 |
| Sep 30, 2022 | -48.47 |
| Jun 30, 2022 | -34.07 |
| Mar 31, 2022 | 91.05 |
| Dec 31, 2021 | 23.22 |
| Sep 30, 2021 | 17.70 |
| Jun 30, 2021 | 18.20 |