HCA Healthcare, Inc.

HCA

Quality scores

Data as of Sep 5, 2026

7 / 9

Strong

7/9 — SOLID fundamentals (high quality).

PassROA > 0 — ROA last year = 11.17 %
PassFCF > 0 — FCF last year = 7,692.00 mill.
PassFCF > net income (accrual quality) — FCF 7,692.00 vs. net income 6,784.00 (mill.)
PassRising ROA — ROA 11.17 % vs. prior year 9.68 %

FailLower long-term leverage — long-term debt/assets 0.69 vs. prior 0.64
FailRising current ratio (more liquidity) — Current ratio 0.97 vs. prior 1.08
PassNo dilution (shares do not grow) — Shares 224.61 mill. vs. prior 249.98 mill.

Z-Score (original)

2.60

Grey zone

Z''-Score (non-manufacturing)

4.12

Safe zone

Ratio	Value
X1 — Working capital / Total assets	-0.01
X2 — Retained earnings / Total assets	-0.09
X3 — EBIT / Total assets	0.20
X4 — Market cap / Total liabilities	1.41
X4 — Book equity / Total liabilities	-0.09
X5 — Sales / Total assets	1.25