Elevance Health Inc (ELV)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 41,315,000 | 43,775,000 | 42,191,000 | 40,608,000 | 39,306,000 | 38,423,000 | 38,205,000 | 37,356,000 | 36,243,000 | 35,991,000 | 35,812,000 | 35,975,000 | 36,060,000 | 35,737,000 | 34,968,000 | 33,853,000 | 33,199,000 | 33,921,000 | 34,455,000 | 31,693,000 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $41,315,000K
= 0.00
The debt-to-equity ratio for Elevance Health Inc has been consistently 0.00 throughout the period from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations and investments during this time frame. A debt-to-equity ratio of 0.00 signifies that the company's total debt is zero or negligible compared to its equity, which may suggest a conservative financial strategy focused on utilizing equity capital for funding. While a low debt-to-equity ratio can be viewed positively as it implies lower financial risk and potential for financial distress, it is important to assess the overall capital structure and performance of the company in conjunction with other financial metrics to gain a comprehensive understanding of its financial health and stability.
Peer comparison
Dec 31, 2024