Elevance Health Inc (ELV)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 8,288,000 | 7,866,000 | 6,497,000 | 6,226,000 | 6,526,000 | 10,919,000 | 9,991,000 | 10,142,000 | 7,387,000 | 8,872,000 | 6,456,000 | 6,161,000 | 4,880,000 | 5,490,000 | 5,258,000 | 9,326,000 | 5,741,000 | 3,984,000 | 6,028,000 | 5,345,000 |
| Short-term investments | US$ in thousands | 25,201,000 | 28,954,000 | 28,900,000 | 29,530,000 | 29,614,000 | 27,811,000 | 28,021,000 | 27,636,000 | 25,952,000 | 25,526,000 | 25,765,000 | 26,219,000 | 26,267,000 | 26,348,000 | 25,848,000 | 24,555,000 | 23,433,000 | 22,707,000 | 22,018,000 | 19,881,000 |
| Total current liabilities | US$ in thousands | 26,195,000 | 25,854,000 | 25,570,000 | 28,066,000 | 26,297,000 | 27,290,000 | 25,921,000 | 25,260,000 | 24,080,000 | 26,421,000 | 24,371,000 | 24,788,000 | 21,515,000 | 21,500,000 | 20,779,000 | 19,515,000 | 18,811,000 | 18,512,000 | 17,684,000 | 18,585,000 |
| Cash ratio | 1.28 | 1.42 | 1.38 | 1.27 | 1.37 | 1.42 | 1.47 | 1.50 | 1.38 | 1.30 | 1.32 | 1.31 | 1.45 | 1.48 | 1.50 | 1.74 | 1.55 | 1.44 | 1.59 | 1.36 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($8,288,000K
+ $25,201,000K)
÷ $26,195,000K
= 1.28
The cash ratio of Elevance Health Inc has fluctuated over the years based on the provided data. The cash ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents.
From March 31, 2020, to December 31, 2021, the cash ratio increased steadily from 1.36 to 1.55, indicating an improving liquidity position. This upward trend suggests that the company had more cash available to cover its current liabilities during this period.
However, from March 31, 2022, to December 31, 2024, the cash ratio of Elevance Health Inc fluctuated within a range of 1.27 to 1.42. These fluctuations suggest some variability in the company's ability to cover its short-term obligations with its cash holdings during these periods.
Overall, the cash ratio of Elevance Health Inc provides insights into the company's liquidity position and its ability to meet its immediate financial obligations with its available cash resources. Investors and analysts may consider monitoring this ratio to assess the company's short-term financial health and management of cash resources.
Peer comparison
Dec 31, 2024