CVS Health Corp (CVS)
Debt-to-assets ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 63,481,000 | 65,735,000 | 64,699,000 | 64,206,000 | 66,941,000 | 67,888,000 |
| Total assets | US$ in thousands | 249,728,000 | 251,306,000 | 250,071,000 | 239,330,000 | 228,275,000 | 231,212,000 | 230,279,000 | 232,873,000 | 232,999,000 | 234,891,000 | 231,164,000 | 229,606,000 | 230,715,000 | 232,898,000 | 235,495,000 | 230,639,000 | 222,449,000 | 220,113,000 | 218,904,000 | 219,768,000 |
| 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 | 0.27 | 0.29 | 0.29 | 0.29 | 0.31 | 0.31 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $249,728,000K
= 0.00
The debt-to-assets ratio of CVS Health Corp has remained relatively stable over the past eight quarters, ranging from 0.23 to 0.26. This ratio indicates that, on average, approximately 23% to 26% of the company's assets are financed by debt.
A debt-to-assets ratio of less than 1 typically suggests that the company has more assets than debt, indicating lower financial risk. CVS Health Corp's consistent ratio below 1 reflects a conservative approach to financing its operations, which may be viewed positively by investors and creditors.
The slight fluctuations in the ratio over the quarters do not indicate any significant shifts in the company's leverage or financial risk profile. Overall, the stable debt-to-assets ratio demonstrates CVS Health Corp's prudent debt management and sound financial health.
Peer comparison
Dec 31, 2023