Elevance Health Inc (ELV)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 60,029,000 | 61,185,000 | 59,743,000 | 59,823,000 | 55,617,000 | 55,603,000 | 53,655,000 | 53,897,000 | 51,122,000 | 51,904,000 | 50,238,000 | 54,495,000 | 45,751,000 | 45,450,000 | 46,764,000 | 41,256,000 | 39,033,000 | 39,504,000 | 37,805,000 | 36,611,000 |
| 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 |
| Current ratio | 1.44 | 1.41 | 1.44 | 1.43 | 1.40 | 1.35 | 1.36 | 1.36 | 1.47 | 1.48 | 1.49 | 1.57 | 1.55 | 1.59 | 1.64 | 1.53 | 1.66 | 1.70 | 1.64 | 1.61 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $60,029,000K ÷ $41,791,000K
= 1.44
The current ratio of Elevance Health Inc has been fairly consistent over the past eight quarters, ranging from 1.35 to 1.44. This indicates that the company has a healthy level of current assets relative to its current liabilities, with a strong ability to meet its short-term obligations. The slight fluctuations in the current ratio suggest a stable liquidity position, with the company maintaining a comfortable buffer to cover its short-term financial commitments. Overall, the trend in Elevance Health Inc's current ratio reflects a solid financial position in terms of liquidity management.
Peer comparison
Dec 31, 2023