CVS Health Corp (CVS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 76,461,000 | 74,337,000 | 72,726,000 | 71,382,000 | 71,469,000 | 70,683,000 | 75,184,000 | 73,830,000 | 75,075,000 | 74,308,000 | 73,244,000 | 70,850,000 | 69,389,000 | 68,807,000 | 68,022,000 | 65,140,000 | 63,864,000 | 62,614,000 | 61,282,000 | 59,686,000 |
| 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 | 0.48 | 0.50 | 0.50 | 0.51 | 0.52 | 0.53 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $76,461,000K)
= 0.00
The debt-to-capital ratio of CVS Health Corp has remained relatively stable over the past eight quarters, ranging between 0.42 and 0.47. The ratio measures the proportion of the company's capital that is financed through debt, with values closer to 1 indicating a higher reliance on debt financing.
In the latest quarter, Q4 2023, the debt-to-capital ratio was 0.45, indicating that 45% of CVS Health Corp's capital structure was funded by debt. This suggests a moderate level of leverage, with a balance between debt and equity financing.
The consistent trend in the debt-to-capital ratio suggests that CVS Health Corp has maintained a prudent approach to managing its capital structure over the analyzed period. It is important for investors and analysts to monitor this ratio to assess the company's financial leverage and risk exposure.
Peer comparison
Dec 31, 2023