Elevance Health Inc (ELV)

Debt-to-assets 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
Long-term debt	US$ in thousands	23,246,000	24,045,000	24,859,000	25,201,000	22,349,000	21,258,000	21,165,000	19,883,000	21,157,000	21,761,000	22,217,000	22,534,000	19,335,000	19,094,000	19,873,000	19,005,000	17,787,000	18,820,000	17,436,000	17,396,000
Total assets	US$ in thousands	108,928,000	110,478,000	109,168,000	109,040,000	102,755,000	103,026,000	100,877,000	100,486,000	97,456,000	98,060,000	96,097,000	95,683,000	86,615,000	86,574,000	87,976,000	82,399,000	77,453,000	77,809,000	75,851,000	74,523,000
Debt-to-assets ratio		0.21	0.22	0.23	0.23	0.22	0.21	0.21	0.20	0.22	0.22	0.23	0.24	0.22	0.22	0.23	0.23	0.23	0.24	0.23	0.23

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $23,246,000K ÷ $108,928,000K
= 0.21

The debt-to-assets ratio of Elevance Health Inc has been consistently stable at around 0.23 for the past eight quarters. This ratio indicates that approximately 23% of the company's assets are financed through debt, while the remaining 77% are financed through equity.

A debt-to-assets ratio of 0.23 suggests that Elevance Health Inc has a relatively conservative capital structure, with a higher proportion of equity compared to debt. This can be seen as a positive indicator of financial stability, as the company is not overly reliant on debt financing to support its operations.

Overall, the consistent debt-to-assets ratio of 0.23 over multiple quarters indicates that Elevance Health Inc has a balanced approach to capital structure management, which may help mitigate financial risk and support sustainable growth in the long term.