Tenet Healthcare Corporation

Tenet Healthcare Corporationverified

THC

Price:

$164.59

Market Cap:

$15.77B

Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates in three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensive and critical care, and coronary care units; cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics services; outpatient services, including physical therapy; cardiothoracic surgery, complex spinal surgery, neonatal intensive care, and neurosurgery services; quaternary care services in hear...[Read more]

Industry

Medical - Care Facilities

IPO Date

1980-03-17

Stock Exchange

NYSE

Ticker

THC

The Current Ratio as of September 2024 (TTM) for Tenet Healthcare Corporation (THC) is 1.45

According to Tenet Healthcare Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 1.45. This represents a change of -0.68% compared to the average of 1.46 of the last 4 quarters.

Tenet Healthcare Corporation (THC) Historical Current Ratio (quarterly & annually)

How has THC Current Ratio performed in the past?

The mean historical Current Ratio of Tenet Healthcare Corporation over the last ten years is 1.32. The current 1.45 Current Ratio has changed 10.85% with respect to the historical average. Over the past ten years (40 quarters), THC's Current Ratio was at its highest in in the June 2015 quarter at 1.59. The Current Ratio was at its lowest in in the September 2018 quarter at 1.06.

Quarterly (TTM)
Annual

Average

1.32

Median

1.31

Minimum

1.20

Maximum

1.51

Tenet Healthcare Corporation (THC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Tenet Healthcare Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 22.03%

Maximum Annual Current Ratio = 1.51

Minimum Annual Increase = -8.98%

Minimum Annual Current Ratio = 1.20

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.5112.68%
20221.34-3.51%
20211.38-6.08%
20201.4722.03%
20191.210.53%
20181.20-6.57%
20171.29-1.28%
20161.308.57%
20151.20-8.98%
20141.324.07%

Tenet Healthcare Corporation (THC) Average Current Ratio

How has THC Current Ratio performed in the past?

The current Current Ratio of Tenet Healthcare Corporation (THC) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.41

5-year avg

1.38

10-year avg

1.32

Tenet Healthcare Corporation (THC) Current Ratio vs. Peers

How is THC’s Current Ratio compared to its peers?

Tenet Healthcare Corporation’s Current Ratio is greater than Acadia Healthcare Company, Inc. (1.18), greater than HCA Healthcare, Inc. (1.06), less than U.S. Physical Therapy, Inc. (1.88), greater than DaVita Inc. (1.16), greater than Universal Health Services, Inc. (1.28), greater than AMN Healthcare Services, Inc. (1.23), greater than Brookdale Senior Living Inc. (0.79), less than The Ensign Group, Inc. (1.53), greater than The Pennant Group, Inc. (1.12), greater than Select Medical Holdings Corporation (1.09), greater than Encompass Health Corporation (1.35), greater than InnovAge Holding Corp. (1.25), less than Addus HomeCare Corporation (2.00), less than Surgery Partners, Inc. (1.83),

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