Stock Analysis on Net

HCA Healthcare Inc. (NYSE:HCA)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 3, 2022.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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HCA Healthcare Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Accounts payable
Accrued salaries
Other accrued expenses
Government stimulus refund liability
Long-term debt due within one year
Current liabilities
Long-term debt due after one year, less debt issuance costs and discounts
Professional liability risks
Right-of-use noncurrent operating lease obligations
Income taxes and other liabilities
Noncurrent liabilities
Total liabilities
Common stock $0.01 par
Capital in excess of par value
Accumulated other comprehensive loss
Retained earnings (deficit)
Stockholders’ equity (deficit) attributable to HCA Healthcare, Inc.
Noncontrolling interests
Total stockholders’ equity (deficit)
Total liabilities and stockholders’ equity (deficit)

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).


Accounts payable
The ratio of accounts payable to total liabilities and stockholders' equity remained relatively stable from 2017 through 2020, mostly fluctuating between approximately 6.2% and 7.1%. From early 2021 onward, there was a gradual increase, reaching a peak of 8.1% by March 2022, indicating a modest rise in payables relative to the overall capital structure.
Accrued salaries
Accrued salaries as a percentage of total liabilities and stockholders' equity showed minor fluctuations. It ranged roughly between 3.3% and 4.3%, peaking notably at 4.31% in December 2021 before slightly declining to 3.57% in March 2022. The data suggests relative stability with some periodic increases, possibly reflecting variations in payroll obligations.
Other accrued expenses
This category fluctuated moderately, mostly in the range of 5.3% to 7.0%. There was a slight increase around the end of 2020 and into 2021 with values close to or exceeding 6.5%, possibly indicating rising miscellaneous obligations or reserves.
Government stimulus refund liability
Data appeared only from late 2020, starting at 10.26% in December 2020 and increasing to 12.0% in June 2021. These values reflect the introduction and some accumulation of liabilities related to government stimulus, likely tied to pandemic-related assistance and subsequent refunds.
Long-term debt due within one year
This metric showed volatility, with significant spikes in March 2018 (4.55%) and more prominently in March 2019 at 8.75%. Other quarters showed values generally below 1%, with a notable jump again in March 2022 to 2.85%, suggesting occasional refinancing activities or repayments concentrated around certain periods.
Current liabilities
Current liabilities as a ratio to total liabilities and stockholders’ equity displayed considerable variability. There were substantial increases in the first half of 2020, peaking at 28.19% in September 2020, likely reflecting short-term obligations related to the COVID-19 pandemic. Afterward, the ratio stabilized around 18-20% through 2021 into early 2022.
Long-term debt due after one year
A declining trend was observed from 2017, starting near 93%, decreasing to around 60% by late 2020, followed by a modest recovery to nearly 69% by March 2022. This indicates a reduction in long-term debt obligations during the pandemic with some subsequent increase, consistent with adjustments in debt structure over time.
Professional liability risks
The proportion of professional liability risks remained relatively steady, mostly fluctuating between 2.8% and 3.4%. There was a slight downward tendency into 2022, suggesting minor reductions in reserve levels for such risks.
Right-of-use noncurrent operating lease obligations
Data from late 2018 onward shows an approximately stable proportion of operating lease obligations between 3.1% and 3.7%, suggesting consistent lease-related commitments relative to total capital structure.
Income taxes and other liabilities
The ratio demonstrated slight variability with a general upward trend from around 3.7% in 2017 to peaks exceeding 5.6% in late 2021, before decreasing to 3.39% in early 2022. This could indicate fluctuations in tax-related and other miscellaneous liabilities throughout the periods.
Noncurrent liabilities
Noncurrent liabilities as a percentage showed a steady decline from near 100% in early 2017 to approximately 69% in late 2020, followed by a moderate increase to about 79% by early 2022. This trend aligns with the observed fluctuations in long-term debt, reflecting changes in longer-term financing and obligations.
Total liabilities
Total liabilities steadily decreased as a proportion of total liabilities and stockholders’ equity, from roughly 116% in early 2017 to a low near 94% by late 2020, followed by slight increases stabilizing near 99% as of March 2022. This overall reduction suggests improvements or shifts in the balance sheet composition over the analyzed period.
Common stock $0.01 par
This item remained negligible and constant at approximately 0.01% throughout all periods, indicating minimal impact on the capital structure relative to other items.
Capital in excess of par value
Data appears from mid-2020, showing a gradual increase from 0.18% to 0.62% by September 2020, with missing data thereafter, suggesting equity transactions or adjustments during this timeframe.
Accumulated other comprehensive loss
This metric generally remained negative, ranging between approximately -0.95% and -0.53%. The largest negative value occurred in early 2020 (-1.26%), with a slight improvement observed towards March 2022 (-0.86%), indicating consistent comprehensive loss impacts with minor variation.
Retained earnings (deficit)
Retained earnings showed a clear upward trend from a significant deficit near -20% in early 2017 to positive territory briefly (1.64%) in late 2020, followed by fluctuating negative values in 2021 and early 2022, ending around -3%. This pattern indicates recovery through 2020 with some erosion of earnings thereafter.
Stockholders’ equity (deficit) attributable to the company
Equity attributable to the company improved from roughly -21% in early 2017 to positive 1.2% in late 2020, followed by a decline back to negative -3.89% by March 2022. This fluctuation signals a temporary recovery in company equity followed by deterioration in subsequent periods.
Noncontrolling interests
Noncontrolling interests were relatively stable throughout the period, ranging narrowly between 4.46% and 5.18%, indicating consistent minority interest levels in the equity structure.
Total stockholders’ equity (deficit)
Total equity steadily improved from a negative position around -16% in early 2017 to a positive 6.09% in late 2020. Subsequently, the equity declined again, nearly reaching zero (0.79%) by early 2022, suggesting cyclical shifts in net equity driven by profitability or valuation changes.
Total liabilities and stockholders’ equity (deficit)
The total was consistently 100% as the base for all ratio calculations, providing the reference framework.