Elevance Health Inc (ELV)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 116,889,000 | 108,928,000 | 102,755,000 | 97,460,000 | 86,615,000 |
| Total stockholders’ equity | US$ in thousands | 41,315,000 | 39,306,000 | 36,243,000 | 36,060,000 | 33,199,000 |
| Financial leverage ratio | 2.83 | 2.77 | 2.84 | 2.70 | 2.61 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $116,889,000K ÷ $41,315,000K
= 2.83
The financial leverage ratio of Elevance Health Inc has shown a slightly increasing trend over the past five years, starting at 2.61 on December 31, 2020, and rising to 2.83 by December 31, 2024. This indicates that the company's reliance on debt to finance its operations and growth has been gradually increasing. Although there was a fluctuation between 2022 and 2023, the overall trend suggests a higher level of financial leverage by the end of the period. Investors and stakeholders should monitor this trend closely, as higher leverage can increase financial risk and impact the company's long-term sustainability and profitability.
Peer comparison
Dec 31, 2024