Is it safe?
Can THC take a bad year?
Tenet Healthcare Corporation carries $11.1B of net debt at 2.04× EBITDA: a load its earnings can carry.
$11.1B
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.04×
Net debt / EBITDA · 2.35× a year ago · the load is coming down
- Altman Z-score
- 1.86
Altman Z-score · grey zone, between 1.8 and 3
- Interest cover
- 5.54×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ2 2026
- $13.2B
- Cash and short-term investments
- $2.17B
- Net debt
- $11.1B
- EBITDA, trailing twelve months
- $5.43B
- Operating profit, trailing twelve months
- $4.54B
- Debt / equity
- 2.84×
- Total debt / EBITDA
- 2.44×
- Annualised volatilitytwo years of daily moves
- 45%
- Worst drawdown on file
- −72%
- Below its 52-week high
- −2.3%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Medical Care Facilities
Ranks #1 of 28 by Smart Score