Cigna Corp (CI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 46,223,000 | 44,675,000 | 47,112,000 | 50,321,000 | 45,338,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $66,000K ÷ ($66,000K + $46,223,000K)
= 0.00
The debt-to-capital ratio of Cigna Group (The) has shown some fluctuations over the past five years. The ratio decreased from 0.45 in 2019 to 0.40 in 2020, indicating a lower proportion of debt to total capital in that year. Subsequently, the ratio generally increased to 0.42 in 2021, before decreasing slightly to 0.41 in 2022 and 0.40 in 2023.
Overall, the trend suggests that Cigna Group has been managing its debt levels relative to its capital structure, with a relatively stable ratio in recent years. This indicates a moderate reliance on debt to finance its operations and investments, with fluctuations likely driven by changes in the company's borrowing practices and capital allocation strategies. The varying debt-to-capital ratios reflect the company's ability to adapt to evolving market conditions and manage its financial leverage effectively.
Peer comparison
Dec 31, 2023