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
DateValue
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