Elevance Health Inc (ELV)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 116,889,000 | 108,928,000 | 102,755,000 | 97,460,000 | 86,615,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $116,889,000K
= 0.00
Based on the provided data, Elevance Health Inc has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, up to December 31, 2024. This indicates that the company has not used debt financing to fund its operations or investments during this period. A debt-to-assets ratio of 0.00 typically suggests that the company's assets are primarily financed by equity, signaling a lower financial risk and potential robust financial health. However, it is essential to consider that a debt-free capital structure may also limit the company's growth opportunities or tax advantages associated with debt financing. Overall, Elevance Health Inc's consistent 0.00 debt-to-assets ratio reflects a conservative financial strategy that prioritizes stability and potentially lowers financial risk.
Peer comparison
Dec 31, 2024