Elevance Health Inc (ELV)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 4,937,000 | 4,190,000 | 4,078,000 | 4,482,000 |
| Short-term investments | US$ in thousands | 29,843,000 | 27,976,000 | 28,293,000 | 28,028,000 | 26,905,000 | 27,029,000 | 27,337,000 | 27,881,000 | 28,148,000 | 28,467,000 | 27,594,000 | 28,185,000 | 24,992,000 | 25,782,000 | 25,488,000 | 20,451,000 | 20,698,000 | 19,970,000 | 19,137,000 | 17,815,000 |
| Total current liabilities | US$ in thousands | 41,791,000 | 43,337,000 | 41,571,000 | 41,889,000 | 39,696,000 | 41,287,000 | 39,308,000 | 39,733,000 | 34,885,000 | 35,162,000 | 33,794,000 | 34,749,000 | 29,453,000 | 28,561,000 | 28,522,000 | 27,039,000 | 23,532,000 | 23,234,000 | 23,090,000 | 22,682,000 |
| Cash ratio | 0.87 | 0.90 | 0.92 | 0.91 | 0.86 | 0.87 | 0.86 | 0.86 | 0.95 | 0.97 | 0.97 | 1.08 | 1.04 | 1.04 | 1.10 | 0.95 | 1.09 | 1.04 | 1.01 | 0.98 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($6,526,000K
+ $29,843,000K)
÷ $41,791,000K
= 0.87
The cash ratio of Elevance Health Inc has been relatively stable over the past eight quarters, ranging from 0.77 to 0.85. This ratio measures the company's ability to cover its current liabilities using only its cash and cash equivalents. With a cash ratio consistently above 0.75, it indicates that Elevance Health Inc has a strong ability to meet its short-term obligations solely with its available cash resources. This suggests that the company has a healthy liquidity position, which is crucial for its financial stability and operational flexibility. Moreover, the slight fluctuations in the cash ratio over the quarters indicate a consistent and prudent approach to managing its cash reserves. Overall, the trend of Elevance Health Inc's cash ratio demonstrates a sound financial management strategy that prioritizes liquidity and ensures the company's ability to meet its immediate financial obligations.
Peer comparison
Dec 31, 2023