Cigna Corp (CI)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital 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 |
| 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 |
| Financial leverage ratio | 3.30 | 3.28 | 3.30 | 3.33 | 3.22 | 3.20 | 3.33 | 3.31 | 3.29 | 3.25 | 3.17 | 3.16 | 3.09 | 3.33 | 3.37 | 3.43 | 3.44 | 3.46 |
The solvency ratios of Cigna Group (The) provide insight into the company's ability to meet its financial obligations and its overall financial health.
1. Debt-to-assets ratio:
The debt-to-assets ratio indicates the proportion of the company's assets that are financed by debt. Cigna Group (The) has maintained a relatively stable debt-to-assets ratio over the quarters, with values ranging from 0.20 to 0.22. This suggests that, on average, around 20-22% of the company's assets are funded by debt.
2. Debt-to-capital ratio:
The debt-to-capital ratio measures the proportion of the company's capital structure that is comprised of debt. Cigna Group (The) has consistently demonstrated a debt-to-capital ratio in the range of 0.40 to 0.42. This indicates that debt constitutes approximately 40-42% of the company's total capitalization.
3. Debt-to-equity ratio:
The debt-to-equity ratio reflects the extent to which the company's operations are funded by creditors relative to equity shareholders. Cigna Group (The) has shown varying levels of debt-to-equity ratios over the quarters, with values ranging from 0.67 to 0.73. This implies that the company relies more on debt financing as the ratio moves closer to 1.
4. Financial leverage ratio:
The financial leverage ratio highlights the company's reliance on debt to finance its operations and investments. Cigna Group (The) has maintained a financial leverage ratio between 3.20 and 3.33. A higher ratio indicates that a larger portion of the company's assets is financed by debt, thereby magnifying the potential risks and rewards associated with financial leverage.
In summary, Cigna Group (The) has managed its solvency ratios within a relatively stable range over the quarters analyzed. The company's performance suggests a balanced approach to capital structure management, with a moderate reliance on debt financing across its operations. It is important for stakeholders to monitor these solvency ratios to assess the company's ability to meet its financial obligations and sustain long-term growth.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 6.08 | 5.84 | 5.92 | 6.18 | 6.46 | 6.33 | 6.47 | 6.33 | 6.09 | 6.03 | 5.77 | 5.87 | 5.67 | 3.10 | 3.54 | 3.27 | 3.26 | 6.29 |
As the data for interest coverage for Cigna Group (The) is not provided in the table for any of the quarters in the specified periods, it is not possible to conduct a detailed analysis of this particular financial ratio. Interest coverage ratio is a key metric that indicates a company's ability to meet its interest obligations using its operating income. It helps assess the financial risk associated with a company's debt. Without the specific values of interest coverage for the given periods, a thorough analysis of Cigna Group (The) in terms of its ability to cover interest expenses is not feasible.