Tenet Healthcare Corporation (THC) - Total Assets
Based on the latest financial reports, Tenet Healthcare Corporation (THC) holds total assets worth $31.20 Billion USD as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Check THC capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Tenet Healthcare Corporation - Total Assets Trend (1985–2025)
This chart illustrates how Tenet Healthcare Corporation's total assets have evolved over time, based on quarterly financial data. Explore Tenet Healthcare Corporation strategic investment ratio to see how much of total assets are deployed in long-term investments.
Tenet Healthcare Corporation - Asset Composition Analysis
Current Asset Composition (December 2025)
Tenet Healthcare Corporation's total assets of $31.20 Billion consist of 26.5% current assets and 73.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $2.88 Billion | 9.7% |
| Accounts Receivable | $2.56 Billion | 8.6% |
| Inventory | $348.00 Million | 1.2% |
| Property, Plant & Equipment | $6.32 Billion | 21.3% |
| Intangible Assets | $1.35 Billion | 4.5% |
| Goodwill | $11.20 Billion | 37.7% |
Asset Composition Trend (1985–2025)
This chart illustrates how Tenet Healthcare Corporation's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see Tenet Healthcare Corporation market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Tenet Healthcare Corporation's current assets represent 26.5% of total assets in 2025, an increase from 25.7% in 1985.
- Cash Position: Cash and equivalents constituted 9.7% of total assets in 2025, up from 2.8% in 1985.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 41.0% of total assets, an increase from 8.0% in 1985.
- Asset Diversification: The largest asset category is goodwill at 37.7% of total assets.
Tenet Healthcare Corporation Competitors by Total Assets
Key competitors of Tenet Healthcare Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Fresenius Medical Care AG & Co. KGaA
XETRA:FME
|
Germany | €31.47 Billion |
|
Ramsay Health Care Ltd
AU:RHC
|
Australia | AU$21.70 Billion |
|
PACS Group, Inc.
NYSE:PACS
|
USA | $5.66 Billion |
|
RAMSAY HLTH.CARE ADR/025
F:RMY0
|
Germany | €22.48 Billion |
|
Top Choice Medical Investment Co Inc
SHG:600763
|
China | CN¥6.24 Billion |
|
Sanbo Hospital Management Group Ltd. A
SHE:301293
|
China | CN¥3.72 Billion |
|
Xian International Medical Investment Co Ltd
SHE:000516
|
China | CN¥9.50 Billion |
|
MLP Saglik Hizmetleri AS
IS:MPARK
|
Turkey | TL89.94 Billion |
Tenet Healthcare Corporation - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.36 | 1.78 | 1.46 |
| Quick Ratio | 1.30 | 1.70 | 1.39 |
| Cash Ratio | 0.00 | 0.67 | 0.43 |
| Working Capital | $2.20 Billion | $3.46 Billion | $2.35 Billion |
Tenet Healthcare Corporation - Advanced Valuation Insights
This section examines the relationship between Tenet Healthcare Corporation's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 3.41 |
| Latest Market Cap to Assets Ratio | 0.53 |
| Asset Growth Rate (YoY) | 2.6% |
| Total Assets | $29.68 Billion |
| Market Capitalization | $15.81 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Tenet Healthcare Corporation's assets below their book value (0.53x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Tenet Healthcare Corporation's assets grew by 2.6% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Tenet Healthcare Corporation (1985–2025)
The table below shows the annual total assets of Tenet Healthcare Corporation from 1985 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $29.68 Billion | +2.56% |
| 2024-12-31 | $28.94 Billion | +2.20% |
| 2023-12-31 | $28.31 Billion | +4.26% |
| 2022-12-31 | $27.16 Billion | -1.53% |
| 2021-12-31 | $27.58 Billion | +1.75% |
| 2020-12-31 | $27.11 Billion | +16.08% |
| 2019-12-31 | $23.35 Billion | +4.20% |
| 2018-12-31 | $22.41 Billion | -4.17% |
| 2017-12-31 | $23.39 Billion | -5.33% |
| 2016-12-31 | $24.70 Billion | +4.30% |
| 2015-12-31 | $23.68 Billion | +30.54% |
| 2014-12-31 | $18.14 Billion | +12.47% |
| 2013-12-31 | $16.13 Billion | +78.35% |
| 2012-12-31 | $9.04 Billion | +6.88% |
| 2011-12-31 | $8.46 Billion | -0.45% |
| 2010-12-31 | $8.50 Billion | +6.88% |
| 2009-12-31 | $7.95 Billion | -2.70% |
| 2008-12-31 | $8.17 Billion | -2.61% |
| 2007-12-31 | $8.39 Billion | -1.71% |
| 2006-12-31 | $8.54 Billion | -12.97% |
| 2005-12-31 | $9.81 Billion | -2.64% |
| 2004-12-31 | $10.08 Billion | -18.05% |
| 2003-12-31 | $12.30 Billion | -11.67% |
| 2002-12-31 | $13.92 Billion | +7.14% |
| 2001-12-31 | $12.99 Billion | -1.26% |
| 2000-12-31 | $13.16 Billion | -0.86% |
| 1999-12-31 | $13.28 Billion | +3.44% |
| 1998-12-31 | $12.83 Billion | +9.64% |
| 1997-12-31 | $11.71 Billion | +40.48% |
| 1996-12-31 | $8.33 Billion | +5.23% |
| 1995-12-31 | $7.92 Billion | +114.17% |
| 1994-12-31 | $3.70 Billion | 0.00% |
| 1993-12-31 | $3.70 Billion | -11.41% |
| 1992-12-31 | $4.17 Billion | -1.49% |
| 1991-12-31 | $4.24 Billion | +4.33% |
| 1990-12-31 | $4.06 Billion | +6.65% |
| 1989-12-31 | $3.81 Billion | -1.81% |
| 1988-12-31 | $3.88 Billion | +10.55% |
| 1987-12-31 | $3.51 Billion | +2.13% |
| 1986-12-31 | $3.43 Billion | +4.19% |
| 1985-12-31 | $3.30 Billion | -- |
About Tenet Healthcare Corporation
Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States. The company operates through two segments: Hospital Operations and Services, and Ambulatory Care. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensiv… Read more