Elevance Health Inc (ELV)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	39,306,000	38,423,000	38,205,000	37,356,000	36,243,000	36,055,000	35,812,000	35,975,000	36,095,000	35,808,000	34,968,000	33,853,000	33,199,000	33,921,000	34,455,000	31,693,000	31,728,000	31,332,000	30,793,000	29,998,000
Debt-to-equity ratio		0.59	0.63	0.65	0.67	0.62	0.59	0.59	0.55	0.59	0.61	0.64	0.67	0.58	0.56	0.58	0.60	0.56	0.60	0.57	0.58

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $23,246,000K ÷ $39,306,000K
= 0.59

The debt-to-equity ratio of Elevance Health Inc has been relatively stable over the past eight quarters, ranging between 0.64 and 0.68. This ratio indicates that the company's financial structure is skewed more towards debt than equity, with a higher proportion of financing coming from debt rather than shareholder equity.

Although the ratio has fluctuated slightly, it has remained within a narrow band, suggesting that the company has been managing its debt levels consistently over this period. A trend of stability in the debt-to-equity ratio can reflect a prudent approach to financial management, as it indicates a balanced mix of debt and equity funding to support the company's operations and growth initiatives.

It is important to monitor this ratio over time to ensure that the company's debt load remains sustainable and does not pose excessive risk to its financial stability. Additionally, comparing this ratio to industry benchmarks or competitors can provide further insights into Elevance Health Inc's leverage position and financial health relative to its peers.