Elevance Health Inc (ELV)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 116,889,000 | 116,533,000 | 112,988,000 | 111,894,000 | 108,928,000 | 110,478,000 | 109,168,000 | 109,040,000 | 102,755,000 | 103,026,000 | 100,877,000 | 100,486,000 | 97,460,000 | 98,060,000 | 96,097,000 | 95,683,000 | 86,615,000 | 86,574,000 | 87,976,000 | 82,399,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-assets ratio of Elevance Health Inc has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not taken on any debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company is not relying on external borrowing to finance its operations or investments. While it is positive that the company is not overly leveraged, it is essential to consider whether this low debt ratio has limited its growth or investment opportunities.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Elevance Health Inc
ELV
0.00
Centene Corp
CNC
0.00
Cigna Corp
CI
0.00
Humana Inc
HUM
0.00
Molina Healthcare Inc
MOH
0.19
UnitedHealth Group Incorporated
UNH
0.00