• HCA Healthcare average return on tangible equity for 2023 was -58.56, a 14.27% increase from 2022.
• HCA Healthcare average return on tangible equity for 2022 was -68.31, a 20.5% decline from 2021.
• HCA Healthcare average return on tangible equity for 2021 was -85.92, a 114.64% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.