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Tenet Healthcare (THC)

(Delayed Data from NYSE)

$97.84 USD

97.84
1,276,810

+2.99 (3.15%)

Updated Apr 23, 2024 03:59 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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2-Buy of 5   2      

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value B Growth A Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 25% (63 out of 252)

Industry: Medical - Hospital

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Balance Sheet

Research for THC

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Tenet Healthcare Corporation falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 1,228 858 2,364 2,446 262
Receivables 2,914 2,943 2,770 2,691 2,753
Notes Receivable 0 0 0 0 0
Inventories 411 405 384 368 310
Other Current Assets 2,614 1,775 1,557 1,642 1,756
Total Current Assets 7,167 5,981 7,075 7,147 5,081
Net Property & Equipment 6,236 6,462 6,427 6,692 6,878
Investments & Advances 3,157 3,147 3,254 2,534 2,369
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 77 19 65 325 169
Intangibles 11,675 11,547 10,758 10,408 8,854
Deposits & Other Assets 0 0 0 0 0
Total Assets 28,312 27,156 27,579 27,106 23,351
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 1,408 1,504 1,300 1,207 1,204
Current Portion Long-Term Debt 120 145 135 145 171
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 1,130 991 1,099 1,190 1,122
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 2,102 1,836 2,575 2,305 1,708
Total Current Liabilities 4,760 4,476 5,109 4,847 4,205
Mortgages 0 0 0 0 0
Deferred Taxes/Income 326 217 36 29 27
Convertible Debt 0 0 0 0 0
Long-Term Debt 14,882 14,934 15,511 15,574 14,580
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 2,836 2,921 2,666 3,767 2,550
Minority Interest (Liabilities) 2,391 2,149 2,203 1,952 1,506
Total Liabilities 25,195 24,697 25,525 26,169 22,868
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 8 8 8 7 7
Capital Surplus 4,834 4,778 4,877 4,844 4,760
Retained Earnings -192 -803 -1,214 -2,128 -2,467
Other Equity 1,328 1,136 793 628 597
Treasury Stock 2,861 2,660 2,410 2,414 2,414
Total Shareholder's Equity 3,117 2,459 2,054 937 483
Total Liabilities & Shareholder's Equity 28,312 27,156 27,579 27,106 23,351
Total Common Equity 3,117 2,459 2,054 937 483
Shares Outstanding 101.50 108.10 107.10 105.50 103.90
Book Value Per Share 30.71 22.75 19.18 8.88 4.65

Fiscal Year End for Tenet Healthcare Corporation falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 1,228 1,054 934 766
Receivables NA 2,914 2,897 2,914 2,883
Notes Receivable NA 0 0 0 0
Inventories NA 411 413 404 407
Other Current Assets NA 2,614 1,995 1,743 1,813
Total Current Assets NA 7,167 6,359 5,995 5,869
Net Property & Equipment NA 6,236 6,260 6,268 6,319
Investments & Advances NA 3,157 3,152 3,130 3,175
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 77 4 8 14
Intangibles NA 11,675 11,815 11,756 11,690
Deposits & Other Assets NA 0 0 0 0
Total Assets NA 28,312 27,590 27,157 27,067
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 1,408 1,202 1,246 1,192
Current Portion Long-Term Debt NA 120 141 141 148
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 1,130 1,060 917 850
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 2,102 2,029 1,848 2,029
Total Current Liabilities NA 4,760 4,432 4,152 4,219
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 326 278 243 220
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 14,882 14,901 14,907 14,935
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 2,798 2,854 2,888
Minority Interest (Liabilities) NA 2,391 2,303 2,277 2,225
Total Liabilities NA 25,195 24,712 24,433 24,487
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 8 8 8 8
Capital Surplus NA 4,834 4,818 4,800 4,774
Retained Earnings NA -192 -436 -537 -660
Other Equity NA 1,328 1,238 1,203 1,168
Treasury Stock NA 2,861 2,750 2,750 2,710
Total Shareholder's Equity NA 3,117 2,878 2,724 2,580
Total Liabilities & Shareholder's Equity NA 28,312 27,590 27,157 27,067
Total Common Equity 0 3,117 2,878 2,724 2,580
Shares Outstanding 100.00 101.50 101.50 101.50 101.90
Book Value Per Share 0.00 30.71 28.35 26.84 25.32