Tenet Healthcare (THC) Debt to Equity (2009 - 2026)
Tenet Healthcare (THC) posted Debt to Equity of $2.74 for Q1 2026, down 12.09% sequentially from $3.12 in Q4 2025, and up 22.44% YoY from $2.24 in Q1 2025.
Tenet Healthcare (THC) Debt to Equity (2009 - 2026) Analysis & Trends
Tenet Healthcare (THC) has 18 years of Debt to Equity data on file, last reported at $2.74 in Q1 2026.
- Quarterly Debt to Equity rose 22.44% year-over-year to $2.74 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.74 (up 22.44% YoY) and the FY2025 annual result came in at $3.12, up 37.89% from the prior year.
- Debt to Equity declined to $2.74 in Q1 2026 per THC's latest filing, from $3.12 in the prior quarter.
- The five-year high for Debt to Equity was $7.22 in Q1 2022, with the low at $2.24 in Q1 2025.
- Average Debt to Equity over 5 years is $4.21, with a median of $3.29 recorded in 2025.
- Year-over-year, Debt to Equity tumbled 55.43% in 2024 and soared 38.5% in 2025.
- Tenet Healthcare's Debt to Equity stood at $6.13 in 2022, then dropped by 21.51% to $4.81 in 2023, then slumped by 52.97% to $2.26 in 2024, then soared by 37.89% to $3.12 in 2025, then slipped by 12.09% to $2.74 in 2026.
- Business Quant data shows THC's Debt to Equity at $2.74 in Q1 2026, $3.12 in Q4 2025, and $3.29 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 87.94 Bn | 90.32 Bn | 16.26 Bn | -16.13 |
| 2 | Chemed | 18.08 Bn | 18.07 Bn | 215.76 Mn | 0.11 |
| 3 | Tenet Healthcare | 16.59 Bn | 15.76 Bn | 4.41 Bn | 2.74 |
| 4 | Davita | 15.37 Bn | 16.23 Bn | 1.07 Bn | -22.31 |
| 5 | Encompass Health | 10.07 Bn | 10.70 Bn | 1.34 Bn | 0.78 |
| 6 | Ensign | 9.52 Bn | 8.93 Bn | 293.37 Mn | 0.06 |
| 7 | Universal Health Services | 9.19 Bn | 9.15 Bn | 3.21 Bn | 0.63 |
| 8 | Pacs | 6.96 Bn | 6.72 Bn | 345.96 Mn | 0.05 |
| 9 | Ww International | 6.14 Bn | 5.98 Bn | -149.29 Mn | 1.46 |
| 10 | Brookdale Senior Living | 3.76 Bn | 3.50 Bn | 727.83 Mn | -77.00 |
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 |