Cigna Corp (CI)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 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 | 0.00 | 0.00 |
| Financial leverage ratio | 3.80 | 3.74 | 3.65 | 3.60 | 3.20 | 3.28 | 3.30 | 3.33 | 3.21 | 3.20 | 3.33 | 3.31 | 3.29 | 3.25 | 3.17 | 3.16 | 3.09 | 3.33 | 3.37 | 3.43 |
The solvency ratios of Cigna Corp indicate a strong financial position in terms of debt management. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have consistently been at 0.00 over the analyzed period from March 2020 to December 2024. This signifies that the company's total debt level in relation to its assets, capital, and equity is very low, indicating a low risk of insolvency.
The Financial leverage ratio, which measures the proportion of a company's assets that are financed by debt, initially showed an increasing trend from 3.43 in March 2020 to 3.60 in March 2024. However, it is important to note that Cigna Corp's financial leverage ratio still remains within a reasonable range, allowing for efficient utilization of debt financing without excessive risk.
Overall, the solvency ratios reflect Cigna Corp's conservative approach towards managing its debt levels and maintaining a strong financial position, which is essential for long-term sustainability and growth.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 5.91 | 4.48 | 4.82 | 4.77 | 4.52 | 5.57 | 7.19 | 7.64 | 8.11 | 8.29 | 6.98 | 6.81 | 6.47 | 9.25 | 8.87 | 8.65 | 8.12 | 5.28 | 5.04 | 4.52 |
The interest coverage ratio of Cigna Corp has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio measures the company's ability to meet its interest payments on debt obligations with its operating income.
Starting at 4.52 on March 31, 2020, the interest coverage ratio improved steadily, reaching a peak of 9.25 on September 30, 2021. This indicates the company's strong ability to cover its interest expenses with its operating income during this period.
However, the ratio started declining after September 30, 2021, reaching a low of 4.48 on September 30, 2024. This decline may suggest that the company's operating income may be insufficient to cover its interest payments adequately during this later period.
Overall, while Cigna Corp demonstrated a strong ability to cover its interest expenses in the earlier part of the analyzed period, there was a downward trend in its interest coverage ratio towards the latter part, signaling potential challenges in meeting interest obligations with operating income.