Tenet Net Working Capital vs Long Term Debt Analysis

THC Stock

USD 143.63 4.29 2.90%

Tenet Healthcare financial indicator trend analysis is much more than just breaking down Tenet Healthcare prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tenet Healthcare is a good investment. Please check the relationship between Tenet Healthcare Net Working Capital and its Long Term Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenet Healthcare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For information on how to trade Tenet Stock refer to our How to Trade Tenet Stock guide.

Net Working Capital vs Long Term Debt

Net Working Capital vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tenet Healthcare Net Working Capital account and Long Term Debt. At this time, the significance of the direction appears to have very week relationship.

The correlation between Tenet Healthcare's Net Working Capital and Long Term Debt is 0.26. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Tenet Healthcare, assuming nothing else is changed. The correlation between historical values of Tenet Healthcare's Net Working Capital and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Tenet Healthcare are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Working Capital i.e., Tenet Healthcare's Net Working Capital and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.26

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Working Capital

Long Term Debt

Long-term debt is a debt that Tenet Healthcare has held for over one year. Long-term debt appears on Tenet Healthcare balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Tenet Healthcare balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Tenet Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tenet Healthcare current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenet Healthcare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For information on how to trade Tenet Stock refer to our How to Trade Tenet Stock guide.At present, Tenet Healthcare's Enterprise Value Over EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 6.67, whereas Selling General Administrative is forecasted to decline to about 6.8 B.

	2021	2022	2024 (projected)
Interest Expense	923M	890M	752.6M
Depreciation And Amortization	855M	841M	524.6M

Interest Expense Depreciation And Amortization

Tenet Healthcare fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Other Liab	Other Assets
Total Assets		0.98	0.85	0.86	-0.21	0.7	0.96	-0.22	0.64	1.0	0.29	0.64	0.97	0.41	0.99	0.85	0.95	0.47	0.99	0.86	0.97	0.75	0.84	0.82	0.75	-0.28
Short Long Term Debt Total	0.98		0.76	0.87	-0.33	0.78	0.99	-0.33	0.55	0.99	0.25	0.55	0.92	0.39	1.0	0.85	0.95	0.49	0.99	0.79	0.93	0.72	0.91	0.84	0.71	-0.14
Other Current Liab	0.85	0.76		0.63	0.1	0.28	0.68	0.17	0.82	0.82	0.5	0.82	0.91	0.27	0.78	0.68	0.75	0.19	0.79	0.86	0.91	0.79	0.48	0.51	0.77	-0.67
Total Current Liabilities	0.86	0.87	0.63		-0.36	0.81	0.84	-0.47	0.57	0.86	0.27	0.57	0.75	0.4	0.89	0.96	0.78	0.43	0.89	0.64	0.81	0.47	0.88	0.93	0.79	-0.07
Total Stockholder Equity	-0.21	-0.33	0.1	-0.36		-0.39	-0.36	0.8	0.04	-0.24	-0.32	0.04	0.0	0.11	-0.34	-0.2	-0.29	-0.18	-0.32	0.26	-0.1	-0.05	-0.6	-0.24	-0.28	-0.6
Property Plant And Equipment Net	0.7	0.78	0.28	0.81	-0.39		0.82	-0.56	0.15	0.71	-0.21	0.15	0.59	0.41	0.76	0.78	0.72	0.52	0.76	0.47	0.61	0.38	0.86	0.9	0.48	0.28
Net Debt	0.96	0.99	0.68	0.84	-0.36	0.82		-0.36	0.42	0.97	0.2	0.42	0.89	0.38	0.98	0.82	0.95	0.49	0.97	0.76	0.88	0.67	0.93	0.85	0.62	-0.06
Retained Earnings	-0.22	-0.33	0.17	-0.47	0.8	-0.56	-0.36		0.01	-0.24	0.02	0.01	-0.04	-0.42	-0.35	-0.32	-0.24	-0.62	-0.34	0.18	-0.14	0.01	-0.6	-0.46	-0.24	-0.62
Cash	0.64	0.55	0.82	0.57	0.04	0.15	0.42	0.01		0.59	0.4	1.0	0.65	0.27	0.59	0.56	0.49	0.26	0.61	0.59	0.75	0.62	0.36	0.35	0.86	-0.55
Non Current Assets Total	1.0	0.99	0.82	0.86	-0.24	0.71	0.97	-0.24	0.59		0.3	0.59	0.95	0.39	0.99	0.86	0.95	0.46	0.99	0.84	0.95	0.72	0.87	0.83	0.73	-0.23
Non Currrent Assets Other	0.29	0.25	0.5	0.27	-0.32	-0.21	0.2	0.02	0.4	0.3		0.4	0.25	-0.23	0.29	0.25	0.19	-0.3	0.29	0.23	0.27	0.16	0.19	0.03	0.4	-0.38
Cash And Short Term Investments	0.64	0.55	0.82	0.57	0.04	0.15	0.42	0.01	1.0	0.59	0.4		0.65	0.27	0.59	0.56	0.49	0.26	0.61	0.59	0.75	0.62	0.36	0.35	0.86	-0.55
Net Receivables	0.97	0.92	0.91	0.75	0.0	0.59	0.89	-0.04	0.65	0.95	0.25	0.65		0.44	0.93	0.78	0.92	0.43	0.93	0.92	0.97	0.83	0.7	0.73	0.7	-0.45
Common Stock Shares Outstanding	0.41	0.39	0.27	0.4	0.11	0.41	0.38	-0.42	0.27	0.39	-0.23	0.27	0.44		0.4	0.42	0.33	0.88	0.41	0.43	0.45	0.29	0.28	0.54	0.18	-0.16
Non Current Liabilities Total	0.99	1.0	0.78	0.89	-0.34	0.76	0.98	-0.35	0.59	0.99	0.29	0.59	0.93	0.4		0.87	0.95	0.49	1.0	0.79	0.94	0.72	0.9	0.85	0.76	-0.17
Inventory	0.85	0.85	0.68	0.96	-0.2	0.78	0.82	-0.32	0.56	0.86	0.25	0.56	0.78	0.42	0.87		0.77	0.35	0.87	0.72	0.81	0.52	0.8	0.94	0.78	-0.21
Other Current Assets	0.95	0.95	0.75	0.78	-0.29	0.72	0.95	-0.24	0.49	0.95	0.19	0.49	0.92	0.33	0.95	0.77		0.42	0.95	0.76	0.9	0.8	0.83	0.77	0.68	-0.19
Other Stockholder Equity	0.47	0.49	0.19	0.43	-0.18	0.52	0.49	-0.62	0.26	0.46	-0.3	0.26	0.43	0.88	0.49	0.35	0.42		0.5	0.33	0.49	0.3	0.48	0.53	0.22	0.14
Total Liab	0.99	0.99	0.79	0.89	-0.32	0.76	0.97	-0.34	0.61	0.99	0.29	0.61	0.93	0.41	1.0	0.87	0.95	0.5		0.8	0.95	0.72	0.9	0.85	0.76	-0.19
Property Plant And Equipment Gross	0.86	0.79	0.86	0.64	0.26	0.47	0.76	0.18	0.59	0.84	0.23	0.59	0.92	0.43	0.79	0.72	0.76	0.33	0.8		0.87	0.63	0.51	0.66	0.52	-0.62
Total Current Assets	0.97	0.93	0.91	0.81	-0.1	0.61	0.88	-0.14	0.75	0.95	0.27	0.75	0.97	0.45	0.94	0.81	0.9	0.49	0.95	0.87		0.8	0.74	0.74	0.79	-0.4
Short Term Debt	0.75	0.72	0.79	0.47	-0.05	0.38	0.67	0.01	0.62	0.72	0.16	0.62	0.83	0.29	0.72	0.52	0.8	0.3	0.72	0.63	0.8		0.48	0.41	0.67	-0.39
Intangible Assets	0.84	0.91	0.48	0.88	-0.6	0.86	0.93	-0.6	0.36	0.87	0.19	0.36	0.7	0.28	0.9	0.8	0.83	0.48	0.9	0.51	0.74	0.48		0.85	0.64	0.24
Accounts Payable	0.82	0.84	0.51	0.93	-0.24	0.9	0.85	-0.46	0.35	0.83	0.03	0.35	0.73	0.54	0.85	0.94	0.77	0.53	0.85	0.66	0.74	0.41	0.85		0.6	-0.01
Other Liab	0.75	0.71	0.77	0.79	-0.28	0.48	0.62	-0.24	0.86	0.73	0.4	0.86	0.7	0.18	0.76	0.78	0.68	0.22	0.76	0.52	0.79	0.67	0.64	0.6		-0.29
Other Assets	-0.28	-0.14	-0.67	-0.07	-0.6	0.28	-0.06	-0.62	-0.55	-0.23	-0.38	-0.55	-0.45	-0.16	-0.17	-0.21	-0.19	0.14	-0.19	-0.62	-0.4	-0.39	0.24	-0.01	-0.29

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Tenet Healthcare Account Relationship Matchups

Tenet Healthcare fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	23.4B	27.1B	27.6B	27.2B	28.3B	29.7B
Short Long Term Debt Total	14.8B	15.7B	15.6B	15.1B	16.2B	17.0B
Other Current Liab	1.4B	3.0B	2.7B	2.7B	3.0B	3.2B
Total Current Liabilities	4.2B	4.8B	5.1B	4.5B	4.8B	2.5B
Total Stockholder Equity	(371M)	28M	1.0B	1.1B	1.6B	1.3B
Property Plant And Equipment Net	6.9B	6.7B	6.4B	6.5B	7.3B	5.4B
Net Debt	14.5B	13.3B	13.3B	14.2B	15.0B	15.7B
Retained Earnings	(2.5B)	(2.1B)	(1.2B)	(803M)	(192M)	(201.6M)
Cash	262M	2.4B	2.4B	858M	1.2B	1.3B
Non Current Assets Total	18.3B	20.0B	20.5B	21.2B	21.1B	22.2B
Non Currrent Assets Other	308M	315M	317M	389M	180M	214.4M
Cash And Short Term Investments	262M	2.4B	2.4B	858M	1.2B	1.3B
Net Receivables	2.8B	3.4B	3.3B	3.5B	4.0B	4.2B
Common Stock Shares Outstanding	103.4M	106.3M	108.6M	110.5M	104.8M	108.2M
Liabilities And Stockholders Equity	23.4B	27.1B	27.6B	27.2B	28.3B	29.7B
Non Current Liabilities Total	17.2B	19.4B	18.2B	18.1B	18.0B	18.9B
Inventory	310M	368M	384M	405M	411M	211.5M
Other Current Assets	1.4B	1.4B	1.0B	1.3B	1.5B	1.6B
Other Stockholder Equity	2.3B	2.4B	2.5B	2.1B	2.0B	2.6B
Total Liab	21.4B	24.2B	23.3B	22.5B	22.8B	23.9B
Property Plant And Equipment Gross	8.0B	7.9B	13.5B	13.8B	13.8B	14.5B
Total Current Assets	5.1B	7.1B	7.1B	6.0B	7.2B	7.5B
Accumulated Other Comprehensive Income	(257M)	(281M)	(233M)	(181M)	(208.2M)	(218.6M)
Short Term Debt	171M	333M	135M	145M	324M	340.2M
Intangible Assets	1.6B	1.6B	1.5B	1.4B	1.4B	1.3B
Other Liab	1.7B	3.8B	2.7B	2.1B	2.4B	1.7B
Other Assets	646M	325M	65M	19M	21.9M	20.8M
Long Term Debt	14.6B	15.6B	15.5B	14.9B	14.9B	9.6B
Good Will	7.3B	8.8B	9.3B	10.1B	10.3B	10.8B
Property Plant Equipment	7.8B	6.7B	6.4B	6.5B	7.4B	6.6B
Current Deferred Revenue	1.5B	659M	959M	110M	59M	56.1M
Net Tangible Assets	(7.7B)	(8.4B)	(9.7B)	(8.3B)	(7.4B)	(7.8B)
Noncontrolling Interest In Consolidated Entity	854M	909M	1.0B	1.3B	1.5B	1.6B
Retained Earnings Total Equity	(2.5B)	(2.1B)	(1.2B)	(803M)	(722.7M)	(758.8M)
Long Term Debt Total	14.6B	15.6B	15.5B	14.9B	17.2B	13.1B

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When determining whether Tenet Healthcare offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tenet Healthcare's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tenet Healthcare Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tenet Healthcare Stock:

How To Invest In Tenet

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Is Tenet Stock a good investment?

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What is Tenet Healthcare's Net Worth?

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Largest Health Care Providers & Services Companies

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Largest Health Care Equipment & Services Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenet Healthcare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For information on how to trade Tenet Stock refer to our How to Trade Tenet Stock guide.

You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tenet Healthcare. If investors know Tenet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tenet Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

4.215

Earnings Share

31.57

Revenue Per Share

213.204

Quarterly Revenue Growth

0.011

Return On Assets

0.0699

The market value of Tenet Healthcare is measured differently than its book value, which is the value of Tenet that is recorded on the company's balance sheet. Investors also form their own opinion of Tenet Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Tenet Healthcare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tenet Healthcare's market value can be influenced by many factors that don't directly affect Tenet Healthcare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Tenet Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tenet Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tenet Healthcare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Tenet Net Working Capital vs Long Term Debt Analysis

Net Working Capital vs Long Term Debt

Net Working Capital vs Long Term Debt Correlation Analysis

Correlation Coefficient

Net Working Capital

Long Term Debt

Tenet Healthcare fundamental ratios Correlations

Tenet Healthcare Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tenet Healthcare fundamental ratios Accounts

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Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets

Other Assets	- 0.67	Other Current Liab
Other Assets	- 0.62	Property Plant And Equipment Gross
Other Assets	- 0.62	Retained Earnings
Other Stockholder Equity	- 0.62	Retained Earnings
Intangible Assets	- 0.6	Retained Earnings
Other Assets	- 0.6	Total Stockholder Equity