Elevance Health Inc (ELV)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 52,560,000 | 54,005,000 | 49,383,000 | 44,587,000 | 40,132,000 |
| Total current liabilities | US$ in thousands | 26,195,000 | 26,297,000 | 24,080,000 | 21,515,000 | 18,811,000 |
| Current ratio | 2.01 | 2.05 | 2.05 | 2.07 | 2.13 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $52,560,000K ÷ $26,195,000K
= 2.01
Elevance Health Inc's current ratio has been consistently above 2 over the past five years, indicating a healthy liquidity position. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A current ratio of 2.13 in December 2020 indicates that the company had $2.13 in current assets for every dollar of current liabilities. Although the ratio slightly decreased to 2.01 in December 2024, it still remains above 2, implying that Elevance Health Inc has been able to meet its short-term obligations comfortably. Overall, the trend in the current ratio suggests that the company has maintained a strong liquidity position during the period under review.
Peer comparison
Dec 31, 2024