Tenet Healthcare (THC) Debt Ratio (2009 - 2026)

Tenet Healthcare (THC) posted Debt Ratio of 0.43 for Q2 2026, up 2.02% sequentially from 0.42 in Q1 2026, and down 5.93% YoY from 0.46 in Q2 2025.

Tenet Healthcare (THC) Debt Ratio (2009 - 2026) Analysis & Trends

Tenet Healthcare has reported Debt Ratio for 18 years, with the latest figure at 0.43 in Q2 2026.

Quarterly Debt Ratio fell 5.93% year-over-year to 0.43 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.43 (down 5.93% YoY) and the FY2025 annual result came in at 0.44, down 2.51% from the prior year.
Debt Ratio improved to 0.43 in Q2 2026 per THC's latest filing, from 0.42 in the prior quarter.
Over five years, Debt Ratio peaked at 0.57 in Q2 2022 and troughed at 0.42 in Q1 2026.
A 5-year average of 0.49 and a median of 0.46 in 2024 frame the typical range for Debt Ratio.
The sharpest annual moves came in 2024 and 2025: Debt Ratio dropped 20.63% in 2024, then grew 4.38% in 2025.
Over 5 years, Debt Ratio stood at 0.56 in 2022, then decreased by 4.57% to 0.53 in 2023, then fell by 14.09% to 0.46 in 2024, then slipped by 2.51% to 0.44 in 2025, then dropped by 2.69% to 0.43 in 2026.
According to Business Quant data, Debt Ratio over the past three periods registered 0.43, 0.42, and 0.44 for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt Ratio (Qtr)
1	HCA Healthcare	88.19 Bn	90.61 Bn	15.19 Bn	0.82
2	Tenet Healthcare	21.59 Bn	21.56 Bn	4.45 Bn	0.43
3	Encompass Health	12.19 Bn	12.86 Bn	1.34 Bn	0.35
4	Davita	11.52 Bn	12.39 Bn	1.16 Bn	0.61
5	Ensign	10.59 Bn	10.27 Bn	306.24 Mn	0.02
6	Universal Health Services	8.79 Bn	8.72 Bn	3.29 Bn	0.36
7	Pacs	7.04 Bn	6.88 Bn	338.46 Mn	0.04
8	Chemed	6.96 Bn	6.92 Bn	221.47 Mn	0.09
9	Concentra Group Holdings Parent	4.52 Bn	4.38 Bn	192.10 Mn	0.52
10	Option Care Health	3.59 Bn	3.39 Bn	267.25 Mn	0.34

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