Cigna Corp (CI)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 46,223,000 | 45,691,000 | 45,445,000 | 44,502,000 | 44,675,000 | 45,041,000 | 45,892,000 | 46,087,000 | 47,112,000 | 47,415,000 | 48,709,000 | 48,149,000 | 50,321,000 | 48,032,000 | 47,366,000 | 45,079,000 | 45,338,000 | 44,696,000 | 43,815,000 | 42,408,000 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $66,000K ÷ $46,223,000K
= 0.00
The debt-to-equity ratio of Cigna Group (The) has been relatively stable over the past eight quarters, ranging from 0.67 to 0.73. This ratio indicates the proportion of the company's total liabilities to its shareholders' equity. A lower debt-to-equity ratio implies that the company relies less on debt financing and has a stronger equity base to support its operations.
Cigna Group's debt-to-equity ratio has stayed below 1, suggesting that the company is financing its operations more with equity rather than debt. This can be indicative of a conservative financial structure, as lower debt levels typically imply lower financial risk and a higher ability to weather economic downturns.
Despite some fluctuations, the minor variations in the debt-to-equity ratio do not raise significant concerns about the company's leverage position. Investors and creditors typically prefer a stable and moderate debt-to-equity ratio, as it indicates a balanced approach to capital structure management.
In conclusion, based on the historical trend of Cigna Group's debt-to-equity ratio, the company appears to have a prudent financial strategy that balances debt and equity financing to support its business activities.
Peer comparison
Dec 31, 2023