CVS Health Corp (CVS)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 75,560,000 | 76,461,000 | 71,469,000 | 75,075,000 | 69,389,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $75,560,000K)
= 0.00
The debt-to-capital ratio of CVS Health Corp has been consistently reported at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt financing relative to its total capital over this period. A debt-to-capital ratio of 0.00 signifies that the company's capital structure is primarily equity-financed. This could suggest a lower financial risk profile and may reflect prudent financial management practices in terms of debt utilization. It is important to note that a low debt-to-capital ratio does not necessarily imply a negative financial position but rather highlights the company's reliance on equity for funding its operations and expansions.
Peer comparison
Dec 31, 2024