• HCA Healthcare average debt/equity ratio for 2024 was 43.54, a 53.51% decline from 2023.
• HCA Healthcare average debt/equity ratio for 2023 was 93.66, a 328.26% decline from 2022.
• HCA Healthcare average debt/equity ratio for 2022 was 21.87, a 23% increase from 2021.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.