Cigna Corp (CI)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	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
Long-term debt	US$ in thousands	66,000	62,000	66,000	67,000	66,000	69,000	35,000	37,000	28,000	30,000	31,000	35,000	36,000	40,000	43,000	58,000	61,000	—	—	—
Total assets	US$ in thousands	152,761,000	149,645,000	150,054,000	147,976,000	143,885,000	144,209,000	152,630,000	152,610,000	154,889,000	154,251,000	154,207,000	152,081,000	155,451,000	160,044,000	159,628,000	154,711,000	155,774,000	154,847,000	154,401,000	154,348,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 remained relatively stable over the past eight quarters, ranging from 0.20 to 0.22. This indicates that, on average, the company finances approximately 20% to 22% of its assets through debt. A lower debt-to-assets ratio suggests that the company relies less on debt financing and may have a stronger financial position. Conversely, a higher ratio may indicate a higher level of financial risk due to increased reliance on debt to fund operations or investments. In this case, the consistent ratio around 0.22 suggests that Cigna Group (The) has maintained a balanced approach to financing its assets over the analyzed period. However, further analysis of the company's overall debt level, asset composition, and industry benchmarks would provide additional insights into its financial health and leverage position.