HCA Healthcare Inc., balance sheet: debt

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Long-term debt due within one year	237)	209)	145)	788)	200)
Long-term debt due after one year, less debt issuance costs and discounts	34,342)	30,795)	33,577)	32,033)	32,858)
Total long-term debt (carrying amount)	34,579)	31,004)	33,722)	32,821)	33,058)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

The annual debt data demonstrates certain fluctuations within the reported periods. The short-term portion of long-term debt, defined as debt due within one year, shows variability without a clear linear trend. Specifically, the amount decreased from 200 million USD in 2017 to 145 million USD in 2019, then increased notably to 788 million USD in 2018 and further reached 209 million USD in 2020, followed by a moderate increase to 237 million USD in 2021.

Regarding long-term debt due after one year, net of issuance costs and discounts, there is a general fluctuation around the 30 billion USD mark. The value began at 32,858 million USD in 2017, experienced a slight decline to 32,033 million USD in 2018, then rose to 33,577 million USD in 2019. Subsequently, it dropped to 30,795 million USD in 2020 before increasing again to 34,342 million USD in 2021, marking the highest point within the observed period.

Total long-term debt, which aggregates the short-term and long-term components, mirrors the trends observed in its constituents. After starting at 33,058 million USD in 2017, total long-term debt decreased slightly to 32,821 million USD in 2018, then rose to 33,722 million USD in 2019. It decreased again to 31,004 million USD in 2020, followed by an increase to 34,579 million USD in 2021, reaching the highest reported amount over the five years.

Overall, the data indicate moderate variability in the total and long-term debt levels with a tendency toward slight growth in total debt by the end of the period. The short-term portion of the long-term debt exhibits more pronounced fluctuations, suggesting intermittent refinancing or repayment activities during these years.

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	Dec 31, 2021
Selected Financial Data (US$ in millions)
Total long-term debt (fair value)	38,541)
Financial Ratio
Debt, fair value to carrying amount ratio	1.11

Based on: 10-K (reporting date: 2021-12-31).

Effective interest rates average: 4.60%

Interest rate	Debt amount¹	Interest rate × Debt amount
4.60%	34,579)	1,591)
Total	34,579)	1,591)
4.60%

Based on: 10-K (reporting date: 2021-12-31).

¹ US$ in millions

² Weighted-average interest rate = 100 × 1,591 ÷ 34,579 = 4.60%

HCA Healthcare Inc. (NYSE:HCA)

Analysis of Debt

Total Debt (Carrying Amount)

Total Debt (Fair Value)

Weighted-average Interest Rate on Debt