Elevance Health Inc (ELV)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 8,288,000 | 7,866,000 | 6,497,000 | 6,226,000 | 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 |
| Short-term investments | US$ in thousands | 25,201,000 | 28,954,000 | 28,900,000 | 29,530,000 | 29,614,000 | 27,811,000 | 28,021,000 | 27,636,000 | 25,952,000 | 25,526,000 | 25,765,000 | 26,219,000 | 26,267,000 | 26,348,000 | 25,848,000 | 24,555,000 | 23,433,000 | 22,707,000 | 22,018,000 | 19,881,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1.28 | 1.42 | 1.38 | 1.27 | 1.37 | 1.42 | 1.47 | 1.50 | 1.38 | 1.30 | 1.32 | 1.31 | 1.45 | 1.48 | 1.50 | 1.74 | 1.55 | 1.44 | 1.59 | 1.36 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($8,288,000K
+ $25,201,000K
+ $—K)
÷ $26,195,000K
= 1.28
The quick ratio of Elevance Health Inc has shown fluctuations over the period covered by the data provided. The quick ratio ranged from a high of 1.74 on March 31, 2021, to a low of 1.27 on March 31, 2024. Overall, the quick ratio remained above 1, indicating that the company has had sufficient liquid assets to cover its current liabilities throughout the period.
The quick ratio peaked in the first quarter of 2021 before experiencing a gradual decline until the first quarter of 2024. This decline may be attributed to various factors such as changes in the composition of current assets and liabilities, shifts in working capital management, or changes in the company's operating environment.
While the quick ratio decreased towards the end of the period, it remained relatively stable around the 1.30 to 1.40 range in the last few quarters, indicating that Elevance Health Inc still maintained a healthy liquidity position. However, a declining trend in the quick ratio should be monitored closely as it may signal potential liquidity challenges if current assets are not able to cover current liabilities adequately in the future.
In conclusion, the quick ratio analysis suggests that Elevance Health Inc has managed its short-term liquidity effectively, with fluctuations observed over time but generally maintaining a satisfactory level of liquid assets to meet its current obligations.
Peer comparison
Dec 31, 2024