Cigna Corp (CI)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 155,881,000 | 152,761,000 | 143,932,000 | 154,889,000 | 155,451,000 |
| Total stockholders’ equity | US$ in thousands | 41,033,000 | 46,223,000 | 44,872,000 | 47,112,000 | 50,321,000 |
| Financial leverage ratio | 3.80 | 3.30 | 3.21 | 3.29 | 3.09 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $155,881,000K ÷ $41,033,000K
= 3.80
The financial leverage ratio of Cigna Corp has shown some fluctuations over the past five years. It increased from 3.09 in December 2020 to 3.29 in December 2021, indicating a higher level of debt relative to equity. Subsequently, it decreased to 3.21 in December 2022 before rising again to 3.30 in December 2023. The ratio experienced a significant spike to 3.80 by December 2024, suggesting a substantial increase in the company's financial leverage during that period. Overall, Cigna Corp's financial leverage ratio has demonstrated some variability, potentially reflecting changes in the company's capital structure and debt financing decisions.
Peer comparison
Dec 31, 2024