CVS Health Corp (CVS)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 253,215,000 | 249,728,000 | 228,275,000 | 232,999,000 | 230,715,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $253,215,000K
= 0.00
Based on the provided data, the debt-to-assets ratio of CVS Health Corp has been consistently reported as 0.00 for the years ending December 31, 2020 through December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets during these periods. This implies that CVS Health Corp has been financing its operations and investments primarily through equity or other forms of non-debt financing. An extremely low or zero debt-to-assets ratio can be seen as a positive indicator of financial stability and lower financial risk, as the company is not relying heavily on debt to fund its activities. However, it is important to note that having no debt also means potential missed opportunities for leveraging financial leverage for growth or tax benefits. Overall, CVS Health Corp's consistent 0.00 debt-to-assets ratio suggests a conservative financial structure with a minimal level of debt relative to its asset base.
Peer comparison
Dec 31, 2024