Elevance Health Inc (ELV)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 41,315,000 | 39,306,000 | 36,243,000 | 36,060,000 | 33,199,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $41,315,000K)
= 0.00
The debt-to-capital ratio for Elevance Health Inc over the past five years shows a consistent and notable trend of 0.00, indicating that the company has not utilized any debt to finance its operations relative to its total capital structure during this period. This could suggest that the company has been relying more on equity financing or internally generated funds rather than taking on debt obligations. While a low debt-to-capital ratio may reflect a lower risk of financial distress, it is also essential to consider that the absence of debt may limit the company's capacity for leveraging opportunities or tax advantages associated with debt financing. Further analysis would be needed to understand the strategic rationale behind Elevance Health Inc's consistent zero debt-to-capital ratio and its implications for the company's overall financial health and growth prospects.
Peer comparison
Dec 31, 2024