Cigna Corp (CI)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 66,000 | 66,000 | 28,000 | 36,000 | 61,000 |
| Total assets | US$ in thousands | 152,761,000 | 143,885,000 | 154,889,000 | 155,451,000 | 155,774,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $66,000K ÷ $152,761,000K
= 0.00
The debt-to-assets ratio of Cigna Group (The) has shown a generally declining trend over the past five years from 0.24 in 2019 to 0.20 in 2023. This indicates that the company has been able to reduce its reliance on debt relative to its total assets over the period. A lower debt-to-assets ratio signifies a stronger financial position and lower risk of default, as it suggests that a smaller portion of the company's assets is funded by debt. The trend of decreasing debt-to-assets ratio is a positive signal for investors and creditors, highlighting improved financial stability and potentially better creditworthiness. It is also indicative of the company's effective management of debt levels and potential for greater financial flexibility.
Peer comparison
Dec 31, 2023