HCAHCA Healthcare
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (BBB) and typical volatility.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -55% · now 17% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can HCA take a bad year?
HCA Healthcare carries $47.1B of net debt at 3.52× EBITDA: a load its earnings can carry.
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.52×
Net debt / EBITDA · 3.63× a year ago · the load is coming down
- Interest cover
- 4.29×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 30%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ1 2026
- $48.0B
- Cash and short-term investments
- $940M
- Net debt
- $47.1B
- EBITDA, trailing twelve months
- $13.4B
- Operating profit, trailing twelve months
- $9.79B
- Total debt / EBITDA
- 3.59×
- Annualised volatilitytwo years of daily moves
- 30%
- Worst drawdown on file
- −55%
- Below its 52-week high
- 17%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Medical Care Facilities
The closest names by size in the same industry