Cigna Corp (CI)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 152,761,000 | 143,885,000 | 154,889,000 | 155,451,000 | 155,774,000 |
| Total stockholders’ equity | US$ in thousands | 46,223,000 | 44,675,000 | 47,112,000 | 50,321,000 | 45,338,000 |
| Financial leverage ratio | 3.30 | 3.22 | 3.29 | 3.09 | 3.44 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $152,761,000K ÷ $46,223,000K
= 3.30
The financial leverage ratio of Cigna Group (The) has fluctuated over the past five years, ranging from 3.09 in 2020 to 3.44 in 2019. The ratio peaked in 2019 before decreasing in the following years. The ratio for the most recent year, 2023, stands at 3.30. This indicates that the company's level of financial leverage has been relatively stable, albeit with some variability. A financial leverage ratio above 1 suggests that the company relies more on debt financing than equity financing to support its operations and growth. The trend in Cigna Group's financial leverage ratio warrants further analysis to understand the factors driving these fluctuations and assess their implications for the company's financial health and risk profile.
Peer comparison
Dec 31, 2023