Tenet Good Will vs Net Debt Analysis

THC Stock

USD 99.01 2.88 3.00%

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 Good Will and its Net 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 tightly coupled 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.

Good Will vs Net Debt

Good Will vs Net Debt Correlation Analysis

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

The correlation between Tenet Healthcare's Good Will and Net Debt is 0.83. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net 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 Good Will and Net 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 Good Will of Tenet Healthcare are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Good Will i.e., Tenet Healthcare's Good Will and Net Debt go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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 tightly coupled 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 8.91, whereas Selling General Administrative is forecasted to decline to about 7 B.

	2021	2022	2024 (projected)
Interest Expense	923M	890M	738.0M
Depreciation And Amortization	625M	1.1B	537.1M

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	-0.2	0.7	0.96	-0.22	0.64	1.0	0.29	0.64	0.93	0.41	0.99	0.85	0.97	0.47	0.99	0.86	0.97	0.73	0.86	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	0.9	0.39	1.0	0.85	0.95	0.49	0.99	0.79	0.93	0.71	0.92	0.84	0.71	-0.14
Other Current Liab	0.85	0.76		0.64	0.11	0.29	0.69	0.17	0.81	0.82	0.5	0.81	0.82	0.26	0.79	0.69	0.85	0.18	0.8	0.87	0.91	0.69	0.5	0.52	0.76	-0.67
Total Current Liabilities	0.86	0.87	0.64		-0.36	0.81	0.85	-0.47	0.57	0.86	0.27	0.57	0.67	0.4	0.89	0.96	0.84	0.43	0.89	0.64	0.81	0.38	0.87	0.93	0.79	-0.07
Total Stockholder Equity	-0.2	-0.33	0.11	-0.36		-0.39	-0.36	0.81	0.04	-0.24	-0.32	0.04	0.0	0.11	-0.34	-0.2	-0.18	-0.18	-0.32	0.26	-0.09	0.12	-0.58	-0.24	-0.28	-0.6
Property Plant And Equipment Net	0.7	0.78	0.29	0.81	-0.39		0.82	-0.56	0.16	0.72	-0.21	0.16	0.61	0.41	0.76	0.78	0.66	0.53	0.76	0.47	0.61	0.4	0.86	0.9	0.48	0.27
Net Debt	0.96	0.99	0.69	0.85	-0.36	0.82		-0.36	0.42	0.97	0.2	0.42	0.9	0.38	0.98	0.82	0.92	0.49	0.97	0.76	0.88	0.71	0.94	0.85	0.62	-0.06
Retained Earnings	-0.22	-0.33	0.17	-0.47	0.81	-0.56	-0.36		0.01	-0.24	0.02	0.01	-0.02	-0.42	-0.35	-0.32	-0.17	-0.63	-0.34	0.18	-0.14	0.17	-0.58	-0.46	-0.24	-0.62
Cash	0.64	0.55	0.81	0.57	0.04	0.16	0.42	0.01		0.59	0.4	1.0	0.49	0.27	0.59	0.56	0.62	0.26	0.61	0.59	0.75	0.35	0.37	0.35	0.86	-0.55
Non Current Assets Total	1.0	0.99	0.82	0.86	-0.24	0.72	0.97	-0.24	0.59		0.3	0.59	0.92	0.39	0.99	0.86	0.97	0.46	0.99	0.84	0.95	0.72	0.88	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	0.12	-0.23	0.29	0.26	0.34	-0.3	0.29	0.22	0.27	0.04	0.19	0.03	0.4	-0.37
Cash And Short Term Investments	0.64	0.55	0.81	0.57	0.04	0.16	0.42	0.01	1.0	0.59	0.4		0.49	0.27	0.59	0.56	0.62	0.26	0.61	0.59	0.75	0.35	0.37	0.35	0.86	-0.55
Net Receivables	0.93	0.9	0.82	0.67	0.0	0.61	0.9	-0.02	0.49	0.92	0.12	0.49		0.41	0.89	0.7	0.88	0.43	0.89	0.88	0.92	0.91	0.71	0.69	0.55	-0.34
Common Stock Shares Outstanding	0.41	0.39	0.26	0.4	0.11	0.41	0.38	-0.42	0.27	0.39	-0.23	0.27	0.41		0.4	0.42	0.37	0.88	0.41	0.43	0.45	0.28	0.29	0.54	0.18	-0.16
Non Current Liabilities Total	0.99	1.0	0.79	0.89	-0.34	0.76	0.98	-0.35	0.59	0.99	0.29	0.59	0.89	0.4		0.87	0.96	0.49	1.0	0.79	0.94	0.67	0.92	0.85	0.76	-0.17
Inventory	0.85	0.85	0.69	0.96	-0.2	0.78	0.82	-0.32	0.56	0.86	0.26	0.56	0.7	0.42	0.87		0.87	0.36	0.87	0.72	0.81	0.45	0.79	0.94	0.78	-0.21
Other Current Assets	0.97	0.95	0.85	0.84	-0.18	0.66	0.92	-0.17	0.62	0.97	0.34	0.62	0.88	0.37	0.96	0.87		0.39	0.96	0.87	0.94	0.67	0.81	0.82	0.74	-0.36
Other Stockholder Equity	0.47	0.49	0.18	0.43	-0.18	0.53	0.49	-0.63	0.26	0.46	-0.3	0.26	0.43	0.88	0.49	0.36	0.39		0.5	0.32	0.48	0.27	0.49	0.53	0.22	0.15
Total Liab	0.99	0.99	0.8	0.89	-0.32	0.76	0.97	-0.34	0.61	0.99	0.29	0.61	0.89	0.41	1.0	0.87	0.96	0.5		0.8	0.95	0.67	0.91	0.85	0.76	-0.19
Property Plant And Equipment Gross	0.86	0.79	0.87	0.64	0.26	0.47	0.76	0.18	0.59	0.84	0.22	0.59	0.88	0.43	0.79	0.72	0.87	0.32	0.8		0.87	0.75	0.53	0.66	0.52	-0.62
Total Current Assets	0.97	0.93	0.91	0.81	-0.09	0.61	0.88	-0.14	0.75	0.95	0.27	0.75	0.92	0.45	0.94	0.81	0.94	0.48	0.95	0.87		0.73	0.75	0.74	0.79	-0.4
Short Term Debt	0.73	0.71	0.69	0.38	0.12	0.4	0.71	0.17	0.35	0.72	0.04	0.35	0.91	0.28	0.67	0.45	0.67	0.27	0.67	0.75	0.73		0.48	0.42	0.34	-0.36
Intangible Assets	0.86	0.92	0.5	0.87	-0.58	0.86	0.94	-0.58	0.37	0.88	0.19	0.37	0.71	0.29	0.92	0.79	0.81	0.49	0.91	0.53	0.75	0.48		0.84	0.64	0.22
Accounts Payable	0.82	0.84	0.52	0.93	-0.24	0.9	0.85	-0.46	0.35	0.83	0.03	0.35	0.69	0.54	0.85	0.94	0.82	0.53	0.85	0.66	0.74	0.42	0.84		0.6	-0.01
Other Liab	0.75	0.71	0.76	0.79	-0.28	0.48	0.62	-0.24	0.86	0.73	0.4	0.86	0.55	0.18	0.76	0.78	0.74	0.22	0.76	0.52	0.79	0.34	0.64	0.6		-0.29
Other Assets	-0.28	-0.14	-0.67	-0.07	-0.6	0.27	-0.06	-0.62	-0.55	-0.23	-0.37	-0.55	-0.34	-0.16	-0.17	-0.21	-0.36	0.15	-0.19	-0.62	-0.4	-0.36	0.22	-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	2.8B	2.7B	2.7B	3.0B	3.1B
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	209.6M
Cash And Short Term Investments	262M	2.4B	2.4B	858M	1.2B	1.3B
Net Receivables	2.8B	2.7B	2.8B	2.9B	4.0B	4.2B
Common Stock Shares Outstanding	103.4M	106.3M	108.6M	110.5M	104.8M	108.1M
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	212.3M
Other Current Assets	1.4B	1.5B	1.6B	1.8B	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	182M	171M	145M	135M	324M	340.2M
Intangible Assets	1.6B	1.6B	1.5B	1.4B	1.4B	1.4B
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:

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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 tightly coupled 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.

Note that the Tenet Healthcare information on this page should be used as a complementary analysis to other Tenet Healthcare's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

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When running Tenet Healthcare's price analysis, check to measure Tenet Healthcare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tenet Healthcare is operating at the current time. Most of Tenet Healthcare's value examination focuses on studying past and present price action to predict the probability of Tenet Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tenet Healthcare's price. Additionally, you may evaluate how the addition of Tenet Healthcare to your portfolios can decrease your overall portfolio volatility.

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Is Tenet Healthcare's industry 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

1.403

Earnings Share

5.71

Revenue Per Share

202.166

Quarterly Revenue Growth

0.078

Return On Assets

0.0629

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 Good Will vs Net Debt Analysis

Good Will vs Net Debt

Good Will vs Net Debt Correlation Analysis

Correlation Coefficient

Good Will

Net 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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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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 Stockholder Equity	- 0.63	Retained Earnings
Other Assets	- 0.62	Property Plant And Equipment Gross
Other Assets	- 0.62	Retained Earnings
Other Assets	- 0.6	Total Stockholder Equity
Intangible Assets	- 0.58	Retained Earnings