Tenet Healthcare (THC) Debt Ratio (2009 - 2026)
Tenet Healthcare's (THC) quarterly Debt Ratio came in at 0.42 in Q1 2026, down 6.02% year-on-year from 0.45 in Q1 2025, and down 4.62% quarter-over-quarter from 0.44 in Q4 2025.
Tenet Healthcare (THC) Debt Ratio (2009 - 2026) Analysis & Trends
Tenet Healthcare has disclosed Debt Ratio across 18 years of filings, most recently posting 0.42 for Q1 2026.
- Debt Ratio for Q1 2026 came in at 0.42, down 6.02% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.42 (down 6.02% YoY), and the FY2025 annual result was 0.44, down 2.51% from the prior year.
- Debt Ratio came in at 0.42 for Q1 2026 at Tenet Healthcare, down from 0.44 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.57 in Q2 2022 to a low of 0.42 in Q1 2026.
- The 5-year median for Debt Ratio is 0.46 (2025), against an average of 0.5.
- Across the five-year window, Debt Ratio decreased 20.63% in 2024 and advanced 4.38% in 2025, its largest moves.
- Tenet Healthcare's Debt Ratio stood at 0.56 in 2022, then fell by 4.57% to 0.53 in 2023, then dropped by 14.09% to 0.46 in 2024, then retreated by 2.51% to 0.44 in 2025, then retreated by 4.62% to 0.42 in 2026.
- The last three Debt Ratio figures came in at 0.42 (Q1 2026), 0.44 (Q4 2025), and 0.45 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | 0.78 |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 0.42 |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 0.61 |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 0.35 |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 0.03 |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 0.30 |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 0.24 |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 0.06 |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 0.01 |
| 10 | Concentra Group Holdings Parent | 3.59 Bn | 3.54 Bn | 170.47 Mn | 0.55 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.42 |
| Dec 31, 2025 | 0.44 |
| Sep 30, 2025 | 0.45 |
| Jun 30, 2025 | 0.46 |
| Mar 31, 2025 | 0.45 |
| Dec 31, 2024 | 0.46 |
| Sep 30, 2024 | 0.44 |
| Jun 30, 2024 | 0.44 |
| Mar 31, 2024 | 0.45 |
| Dec 31, 2023 | 0.53 |
| Sep 30, 2023 | 0.55 |
| Jun 30, 2023 | 0.55 |
| Mar 31, 2023 | 0.56 |
| Dec 31, 2022 | 0.56 |
| Sep 30, 2022 | 0.56 |
| Jun 30, 2022 | 0.57 |
| Mar 31, 2022 | 0.56 |
| Dec 31, 2021 | 0.57 |
| Sep 30, 2021 | 0.55 |
| Jun 30, 2021 | 0.57 |