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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

HCA Healthcare (HCA) Debt to Equity (2016 - 2025)

HCA Healthcare (HCA) has disclosed Debt to Equity for 16 consecutive years, with -$16.78 as the latest value for Q4 2025.

  • On a quarterly basis, Debt to Equity rose 2.56% to -$16.78 in Q4 2025 year-over-year; TTM through Dec 2025 was -$16.78, a 2.56% increase, with the full-year FY2025 number at -$16.78, up 2.56% from a year prior.
  • Debt to Equity was -$16.78 for Q4 2025 at HCA Healthcare, up from -$20.62 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $167.48 in Q1 2023 to a low of -$521.7 in Q4 2022.
  • A 5-year average of -$5.88 and a median of $17.95 in 2021 define the central range for Debt to Equity.
  • Biggest YoY gain for Debt to Equity was 627.32% in 2022; the steepest drop was 2346.48% in 2022.
  • HCA Healthcare's Debt to Equity stood at $23.22 in 2021, then crashed by 2346.48% to -$521.7 in 2022, then skyrocketed by 107.16% to $37.35 in 2023, then crashed by 146.1% to -$17.22 in 2024, then grew by 2.56% to -$16.78 in 2025.
  • Per Business Quant, the three most recent readings for HCA's Debt to Equity are -$16.78 (Q4 2025), -$20.62 (Q3 2025), and -$35.93 (Q2 2025).