Elevance Health Inc (ELV)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 60,029,000 | 55,617,000 | 51,122,000 | 45,751,000 | 39,033,000 |
| Total current liabilities | US$ in thousands | 41,791,000 | 39,696,000 | 34,885,000 | 29,453,000 | 23,532,000 |
| Current ratio | 1.44 | 1.40 | 1.47 | 1.55 | 1.66 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $60,029,000K ÷ $41,791,000K
= 1.44
Elevance Health Inc's current ratio indicates the company's ability to meet its short-term financial obligations with its current assets. Over the past five years, the current ratio has shown a decreasing trend, declining from 1.65 in 2019 to 1.44 in 2023. This downward trend suggests that the company may be facing challenges in managing its current assets relative to its current liabilities.
While a current ratio above 1.0 typically signifies that a company has sufficient current assets to cover its current liabilities, the decreasing values over the years may raise concerns about liquidity and potential difficulties in paying off short-term obligations. It is important for Elevance Health Inc to closely monitor and manage its current assets and liabilities to ensure a healthy liquidity position and financial stability in the future.
Peer comparison
Dec 31, 2023