Tenet Healthcare (THC) Debt to Equity (2009 - 2026)
Tenet Healthcare recorded quarterly Debt to Equity of $2.74 in Q1 2026, down 12.09% quarter-over-quarter from $3.12 in Q4 2025, and up 22.44% year-over-year from $2.24 in Q1 2025.
Tenet Healthcare's Debt to Equity history runs 18 years deep, the most recent figure standing at $2.74 for Q1 2026.
- In Q1 2026, Debt to Equity rose 22.44% year-over-year to $2.74; the TTM figure through Mar 2026 stood at $2.74 (up 22.44% YoY), while the FY2025 annual figure was $3.12, up 37.89% from the prior year.
- Debt to Equity came in at $2.74 for Q1 2026 at Tenet Healthcare, down from $3.12 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $7.22 in Q1 2022 to a low of $2.24 in Q1 2025.
- A 5-year average of $4.21 and a median of $3.29 in 2025 frame the typical range for Debt to Equity.
- Across the five-year window, Debt to Equity plunged 55.43% in 2024 and soared 38.5% in 2025, its largest moves.
- Tenet Healthcare's Debt to Equity stood at $6.13 in 2022, then decreased by 21.51% to $4.81 in 2023, then plunged by 52.97% to $2.26 in 2024, then jumped by 37.89% to $3.12 in 2025, then retreated by 12.09% to $2.74 in 2026.
- According to Business Quant data, Debt to Equity over the past three periods registered $2.74, $3.12, and $3.29 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | -16.13 |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 2.74 |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | -22.31 |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 0.78 |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 0.06 |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 0.63 |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 0.55 |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 0.11 |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 0.05 |
| 10 | Option Care Health | 3.27 Bn | 3.09 Bn | 262.01 Mn | 0.86 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.74 |
| Dec 31, 2025 | 3.12 |
| Sep 30, 2025 | 3.29 |
| Jun 30, 2025 | 2.41 |
| Mar 31, 2025 | 2.24 |
| Dec 31, 2024 | 2.26 |
| Sep 30, 2024 | 2.37 |
| Jun 30, 2024 | 2.55 |
| Mar 31, 2024 | 2.61 |
| Dec 31, 2023 | 4.81 |
| Sep 30, 2023 | 5.23 |
| Jun 30, 2023 | 5.52 |
| Mar 31, 2023 | 5.85 |
| Dec 31, 2022 | 6.13 |
| Sep 30, 2022 | 6.02 |
| Jun 30, 2022 | 7.13 |
| Mar 31, 2022 | 7.22 |
| Dec 31, 2021 | 7.62 |
| Sep 30, 2021 | 8.64 |
| Jun 30, 2021 | 13.02 |
| Mar 31, 2021 | 15.00 |
| Dec 31, 2020 | 16.78 |
| Sep 30, 2020 | 30.11 |
| Jun 30, 2020 | 25.10 |
| Mar 31, 2020 | 30.31 |
| Dec 31, 2019 | 33.76 |
| Sep 30, 2019 | 33.53 |
| Jun 30, 2019 | 22.35 |
| Mar 31, 2019 | 24.23 |
| Dec 31, 2018 | 23.76 |
| Sep 30, 2018 | 22.57 |
| Jun 30, 2018 | 25.81 |
| Mar 31, 2018 | 24.17 |
| Dec 31, 2017 | 30.93 |
| Sep 30, 2017 | 21.41 |
| Jun 30, 2017 | 14.36 |
| Mar 31, 2017 | 13.91 |
| Dec 31, 2016 | 14.10 |
| Sep 30, 2016 | 12.45 |
| Jun 30, 2016 | 12.59 |
| Mar 31, 2016 | 15.68 |
| Dec 31, 2015 | 15.15 |
| Sep 30, 2015 | 14.49 |
| Jun 30, 2015 | 14.49 |
| Mar 31, 2015 | 12.28 |
| Dec 31, 2014 | 14.80 |
| Sep 30, 2014 | 13.34 |
| Jun 30, 2014 | 13.25 |
| Mar 31, 2014 | 13.15 |
| Dec 31, 2013 | 12.36 |
| Sep 30, 2013 | 6.33 |
| Jun 30, 2013 | 5.74 |
| Mar 31, 2013 | 5.19 |
| Dec 31, 2012 | 4.31 |
| Sep 30, 2012 | 3.74 |
| Jun 30, 2012 | 3.86 |
| Mar 31, 2012 | 2.99 |
| Dec 31, 2011 | 2.92 |
| Sep 30, 2011 | 2.33 |
| Jun 30, 2011 | 2.20 |
| Mar 31, 2011 | 2.14 |
| Dec 31, 2010 | 2.23 |
| Sep 30, 2010 | 2.30 |
| Jun 30, 2010 | 5.17 |
| Dec 31, 2009 | 6.13 |