Elevance Health Inc (ELV)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 52,560,000 | 55,219,000 | 54,615,000 | 54,049,000 | 54,005,000 | 55,662,000 | 54,535,000 | 54,488,000 | 49,383,000 | 48,604,000 | 46,422,000 | 47,042,000 | 44,587,000 | 44,645,000 | 43,791,000 | 46,172,000 | 40,132,000 | 38,228,000 | 39,034,000 | 36,551,000 |
| 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 |
| Current ratio | 2.01 | 2.14 | 2.14 | 1.93 | 2.05 | 2.04 | 2.10 | 2.16 | 2.05 | 1.84 | 1.90 | 1.90 | 2.07 | 2.08 | 2.11 | 2.37 | 2.13 | 2.07 | 2.21 | 1.97 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $52,560,000K ÷ $26,195,000K
= 2.01
The current ratio of Elevance Health Inc has shown some fluctuations over the past few years. The ratio indicates the company's ability to cover its short-term liabilities with its current assets.
From March 31, 2020, to June 30, 2021, the current ratio steadily increased from 1.97 to 2.11, indicating improved liquidity and a stronger ability to meet its short-term obligations. However, there was a slight decrease to 2.08 by September 30, 2021.
Subsequently, the ratio fluctuated around the 2.00 range throughout 2022 and 2023, showing some stability in the company's short-term liquidity position. Notably, the ratio peaked at 2.16 on March 31, 2023, reflecting a strong ability to cover short-term obligations.
However, it decreased to 1.93 on March 31, 2024, indicating a potential strain on liquidity. The ratio slightly recovered to 2.14 by June 30, 2024, but then decreased again to 2.01 by December 31, 2024.
Overall, while there have been fluctuations in Elevance Health Inc's current ratio, it has generally remained above 1.5, suggesting that the company has had an acceptable level of liquidity to cover its short-term liabilities during the period under review. It is essential for the company to closely monitor its current assets and liabilities to ensure a healthy liquidity position going forward.
Peer comparison
Dec 31, 2024