HCA Healthcare (HCA) Balance Sheet: Assets & Liabilities

HCA Healthcare (HCA) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), HCA Healthcare reported total assets of $60.72B and total liabilities of $63.49B. Shareholders' equity was negative at −$6.03B, meaning liabilities exceed assets. Total debt stood at $50.20B against $1.04B in cash and short-term investments, a net debt position of $49.16B.

HCA Healthcare Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for HCA Healthcare, Inc. (HCA) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	1.04	1.93	0.94	0.91	1.45	1.79	0.62	0.50	0.73
Short-Term Investments	0.00	0.09	0.00	0.00	0.10	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	1.04	2.02	0.94	0.91	1.55	1.79	0.62	0.50	0.73
Accounts Receivable	10.87	10.75	9.96	8.89	8.10	7.05	7.38	6.79	6.50
Inventory	1.65	1.74	2.02	2.07	1.99	2.03	1.85	1.73	1.57
Other Current Assets	0.00	1.99	2.01	1.78	2.01	1.46	1.35	1.19	1.17
Total Current Assets	13.56	16.41	14.93	13.64	13.54	12.33	11.20	10.21	9.98
Non-Current Assets
Property, Plant & Equipment (Net)	31.14	31.55	29.92	27.64	26.18	25.22	24.55	19.76	17.90
Long-Term Investments	0.63	1.23	1.23	1.20	0.89	0.81	0.56	0.59	0.62
Goodwill	0.00	10.09	9.61	9.29	9.54	8.21	7.94	7.61	7.04
Intangible Assets	10.29	0.32	0.34	0.36	0.40	0.37	0.33	0.34	0.36
Other Non-Current Assets	5.09	0.23	0.18	0.30	0.60	0.55	0.48	0.69	0.71
Total Non-Current Assets	47.16	43.10	41.28	38.80	37.20	35.16	33.86	28.99	26.62
Total Assets	60.72	59.51	56.21	52.44	50.74	47.49	45.06	39.21	36.59
Current Liabilities
Accounts Payable	4.66	4.28	4.23	4.24	4.11	3.54	2.91	2.58	2.61
Short-Term Debt	6.74	4.70	2.42	0.73	0.24	0.59	0.50	0.79	0.20
Current Portion of Long-Term Debt	2.55	4.54	2.26	0.24	0.10	-	-	-	-
Accrued Liabilities	4.97	6.20	4.39	3.76	5.23	-	-	-	-
Other Current Liabilities	2.73	0.59	5.25	4.56	0.59	4.24	4.03	3.90	3.05
Total Current Liabilities	16.35	15.18	12.66	9.90	9.58	8.70	7.76	7.57	6.16
Non-Current Liabilities
Long-Term Debt	43.46	38.33	37.17	39.47	34.34	32.47	35.08	32.03	32.86
Other Non-Current Liabilities	3.69	3.59	3.42	3.14	3.57	3.43	2.79	2.52	2.57
Total Non-Current Liabilities	47.14	43.78	42.50	42.61	39.67	35.89	37.87	34.56	35.43
Total Liabilities	63.49	58.96	55.15	52.51	49.25	44.60	45.62	42.13	41.59
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	0.00	-2.12	-1.35	-2.28	-0.53	0.78	-2.35	-4.57	-6.53
Accumulated Other Comprehensive Income	0.00	-0.39	-0.43	-0.49	-0.40	-0.50	-0.46	-0.38	-0.28
Additional Paid-in Capital	-6.03	0.00	0.00	0.00	0.00	0.29	0.00	0.00	0.00
Minority Interest	3.26	3.05	2.83	2.69	2.42	2.32	2.24	2.03	1.81
Shares Outstanding	0.22	0.25	0.27	0.28	-	-	-	-	-
Total Stockholders' Equity	-6.03	0.56	-1.77	-2.77	1.49	0.57	-2.81	-4.95	-6.81
Total Liabilities & Equity	60.72	59.51	56.21	52.44	50.74	47.49	45.06	39.21	36.59

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About HCA Healthcare Balance Sheet

How much debt does HCA Healthcare have?

HCA Healthcare had total debt of $50.20B as of Dec 31, 2025, against $1.04B in cash and short-term investments. Total debt was $43.03B a year earlier.

What are HCA Healthcare's total assets?

HCA Healthcare reported total assets of $60.72B as of Dec 31, 2025, up 2.0% from $59.51B a year earlier. Total liabilities were $63.49B.

What is HCA Healthcare's shareholders' equity?

HCA Healthcare's shareholders' equity was negative at −$6.03B as of Dec 31, 2025, so its liabilities exceeded its assets.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition