CVS Health Corp (CVS)
Debt-to-equity 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-equity 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 | 0.93 | 1.01 | 1.01 | 1.03 | 1.09 | 1.14 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $76,461,000K
= 0.00
The debt-to-equity ratio of CVS Health Corp has shown some fluctuations over the past eight quarters. Starting Q1 2022 at 0.76, the ratio remained relatively stable for the next few quarters before experiencing an increase to 0.88 in Q2 2023. This suggests that the company took on more debt relative to its equity during that period. However, it decreased to 0.81 in Q4 2023, indicating a reduction in leverage compared to the previous quarter. Overall, the trend in the debt-to-equity ratio over the period suggests a moderate level of leverage, with some variance in the company's capital structure. It is essential to monitor this ratio consistently to assess CVS Health Corp's financial risk and solvency position.
Peer comparison
Dec 31, 2023