CVS Health Corp (CVS)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $75,560,000K
= 0.00
Based on the data provided, CVS Health Corp has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its operations, and its capital structure is primarily equity-financed. A debt-to-equity ratio of 0.00 suggests that CVS Health Corp has no debt obligations compared to its equity, which may indicate a lower financial risk profile and potentially signify strong financial health. However, it is essential to consider that a very low or zero debt-to-equity ratio may also imply limited leverage and potential missed opportunities for leveraging debt for growth or strategic investments. Further analysis of the company's financial statements and performance metrics would provide greater insight into its overall financial stability and growth prospects.
Peer comparison
Dec 31, 2024