• Tenet Healthcare average debt/equity ratio for 2023 was 5.3, a 19.33% decline from 2022.
• Tenet Healthcare average debt/equity ratio for 2022 was 6.57, a 40.11% decline from 2021.
• Tenet Healthcare average debt/equity ratio for 2021 was 10.97, a 56.67% decline from 2020.

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.