Tenet Healthcare Corporation (THC) — Working Capital to Net Assets Ratio
Tenet Healthcare Corporation (THC) has a Working Capital to Net Assets ratio of 26.0% as of June 2026. Working capital of $2.26 Billion (current assets of $7.83 Billion minus current liabilities of $5.57 Billion) is measured against net assets of $8.70 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See operational self-sufficiency of Tenet Healthcare Corporation to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tenet Healthcare Corporation Working Capital to Net Assets (1985–2025)
This chart shows how Tenet Healthcare Corporation's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1985 to 2025. As of June 2026, the ratio stands at 26.0%, reflecting working capital of $2.26 Billion against net assets of $8.70 Billion USD. For the complete balance sheet picture, see THC total asset value.
Annual Working Capital to Net Assets for Tenet Healthcare Corporation (1985–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tenet Healthcare Corporation from 1985 to 2025, covering 41 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check asset resilience ratio of Tenet Healthcare Corporation to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 37.7% | $3.39 Billion | $8.97 Billion | $7.85 Billion | $4.46 Billion | ▼ -1.7 pp |
| 2024 | 39.5% | $3.37 Billion | $8.55 Billion | $7.68 Billion | $4.31 Billion | ▼ -4.2 pp |
| 2023 | 43.7% | $2.41 Billion | $5.51 Billion | $7.17 Billion | $4.76 Billion | ▲ +11.0 pp |
| 2022 | 32.7% | $1.50 Billion | $4.61 Billion | $5.98 Billion | $4.48 Billion | ▼ -13.5 pp |
| 2021 | 46.2% | $1.97 Billion | $4.26 Billion | $7.08 Billion | $5.11 Billion | ▼ -33.4 pp |
| 2020 | 79.6% | $2.30 Billion | $2.89 Billion | $7.15 Billion | $4.85 Billion | ▲ +35.6 pp |
| 2019 | 44.0% | $876.00 Million | $1.99 Billion | $5.08 Billion | $4.21 Billion | ▲ +7.1 pp |
| 2018 | 37.0% | $779.00 Million | $2.11 Billion | $4.64 Billion | $3.86 Billion | ▼ -14.6 pp |
| 2017 | 51.6% | $1.24 Billion | $2.40 Billion | $5.57 Billion | $4.33 Billion | ▲ +16.4 pp |
| 2016 | 35.2% | $1.22 Billion | $3.48 Billion | $5.26 Billion | $4.03 Billion | ▲ +8.4 pp |
| 2015 | 26.8% | $863.00 Million | $3.22 Billion | $5.17 Billion | $4.31 Billion | ▼ -69.4 pp |
| 2014 | 96.1% | $1.14 Billion | $1.19 Billion | $4.72 Billion | $3.58 Billion | ▲ +26.6 pp |
| 2013 | 69.5% | $782.00 Million | $1.12 Billion | $3.71 Billion | $2.93 Billion | ▼ -4.9 pp |
| 2012 | 74.4% | $918.00 Million | $1.23 Billion | $2.68 Billion | $1.76 Billion | ▲ +38.5 pp |
| 2011 | 35.9% | $542.00 Million | $1.51 Billion | $2.36 Billion | $1.81 Billion | ▲ +3.7 pp |
| 2010 | 32.2% | $586.00 Million | $1.82 Billion | $2.31 Billion | $1.73 Billion | ▼ -66.6 pp |
| 2009 | 98.9% | $689.00 Million | $697.00 Million | $2.47 Billion | $1.78 Billion | ▼ -639.0 pp |
| 2008 | 737.9% | $760.00 Million | $103.00 Million | $2.71 Billion | $1.95 Billion | ▼ -210.3 pp |
| 2007 | 948.1% | $512.00 Million | $54.00 Million | $2.56 Billion | $2.05 Billion | ▲ +531.5 pp |
| 2006 | 416.7% | $1.10 Billion | $264.00 Million | $3.02 Billion | $1.93 Billion | ▲ +297.6 pp |
| 2005 | 119.1% | $1.22 Billion | $1.02 Billion | $3.51 Billion | $2.29 Billion | ▲ +11.6 pp |
| 2004 | 107.5% | $1.86 Billion | $1.73 Billion | $3.99 Billion | $2.13 Billion | ▲ +65.0 pp |
| 2003 | 42.5% | $1.85 Billion | $4.36 Billion | $4.25 Billion | $2.39 Billion | ▲ +20.8 pp |
| 2002 | 21.7% | $1.28 Billion | $5.89 Billion | $3.59 Billion | $2.32 Billion | ▲ +0.8 pp |
| 2001 | 20.9% | $1.06 Billion | $5.08 Billion | $3.23 Billion | $2.17 Billion | ▼ -20.5 pp |
| 2000 | 41.4% | $1.68 Billion | $4.07 Billion | $3.59 Billion | $1.91 Billion | ▲ +2.4 pp |
| 1999 | 39.0% | $1.59 Billion | $4.09 Billion | $3.52 Billion | $1.93 Billion | ▲ +7.4 pp |
| 1998 | 31.6% | $1.12 Billion | $3.56 Billion | $2.89 Billion | $1.77 Billion | ▲ +15.4 pp |
| 1997 | 16.2% | $522.00 Million | $3.22 Billion | $2.39 Billion | $1.87 Billion | ▲ +0.6 pp |
| 1996 | 15.6% | $411.00 Million | $2.64 Billion | $1.54 Billion | $1.13 Billion | ▲ +2.1 pp |
| 1995 | 13.5% | $268.00 Million | $1.99 Billion | $1.62 Billion | $1.36 Billion | ▲ +28.3 pp |
| 1994 | -14.8% | $-196.00 Million | $1.32 Billion | $1.44 Billion | $1.64 Billion | ▲ +0.0 pp |
| 1993 | -14.8% | $-196.00 Million | $1.32 Billion | $1.44 Billion | $1.64 Billion | ▼ -23.7 pp |
| 1992 | 8.8% | $155.00 Million | $1.75 Billion | $1.07 Billion | $913.00 Million | ▼ -4.5 pp |
| 1991 | 13.3% | $223.00 Million | $1.67 Billion | $1.10 Billion | $874.00 Million | ▼ -6.3 pp |
| 1990 | 19.6% | $346.00 Million | $1.76 Billion | $941.00 Million | $595.00 Million | ▼ -0.2 pp |
| 1989 | 19.8% | $249.00 Million | $1.26 Billion | $935.00 Million | $686.00 Million | ▼ -20.7 pp |
| 1988 | 40.5% | $446.00 Million | $1.10 Billion | $998.00 Million | $552.00 Million | ▲ +7.6 pp |
| 1987 | 33.0% | $317.00 Million | $962.00 Million | $871.00 Million | $554.00 Million | ▼ 0.0 pp |
| 1986 | 33.0% | $305.00 Million | $925.00 Million | $884.00 Million | $579.00 Million | ▲ +7.9 pp |
| 1985 | 25.0% | $253.00 Million | $1.01 Billion | $846.00 Million | $593.00 Million | — |