Tenet Healthcare (THC) Debt to Equity (2009 - 2026)
Tenet Healthcare's (THC) quarterly Debt to Equity came in at $2.74 in Q1 2026, up 22.44% year-on-year from $2.24 in Q1 2025, and down 12.09% quarter-over-quarter from $3.12 in Q4 2025.
Tenet Healthcare (THC) Debt to Equity (2009 - 2026) Analysis & Trends
Tenet Healthcare has disclosed Debt to Equity across 18 years of filings, most recently posting $2.74 for Q1 2026.
- Debt to Equity for Q1 2026 came in at $2.74, up 22.44% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.74 (up 22.44% YoY), and the FY2025 annual result 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.
- The 5-year median for Debt to Equity is $3.29 (2025), against an average of $4.21.
- Across the five-year window, Debt to Equity sank 55.43% in 2024 and surged 38.5% in 2025, its largest moves.
- Tenet Healthcare's Debt to Equity stood at $6.13 in 2022, then retreated by 21.51% to $4.81 in 2023, then sank by 52.97% to $2.26 in 2024, then soared by 37.89% to $3.12 in 2025, then fell by 12.09% to $2.74 in 2026.
- The last three Debt to Equity figures came in at $2.74 (Q1 2026), $3.12 (Q4 2025), and $3.29 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | -16.13 |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 2.74 |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | -22.31 |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 0.78 |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 0.06 |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 0.63 |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 0.51 |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 0.11 |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 0.05 |
| 10 | Concentra Group Holdings Parent | 3.59 Bn | 3.54 Bn | 170.47 Mn | 3.65 |
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 |