Elevance Health Inc (ELV)

Financial leverage 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
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
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
Financial leverage ratio		2.77	2.88	2.86	2.92	2.84	2.86	2.82	2.79	2.70	2.74	2.75	2.83	2.61	2.55	2.55	2.60	2.44	2.48	2.46	2.48

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $108,928,000K ÷ $39,306,000K
= 2.77

Elevance Health Inc's financial leverage ratio has been relatively stable over the past eight quarters, ranging from 2.77 to 2.92. This ratio indicates the extent to which the company relies on debt financing rather than equity.

A ratio of 2.77 to 2.92 suggests that the company's assets are financed approximately 2.77 to 2.92 times by debt compared to equity. A higher financial leverage ratio typically indicates higher financial risk as the company has a larger proportion of debt in its capital structure.

While Elevance Health Inc's financial leverage ratio has experienced some fluctuations, it has largely remained within a narrow range. This suggests that the company's capital structure has been relatively consistent and that it has been managing its debt levels effectively.

Overall, a financial leverage ratio of 2.77 to 2.92 indicates that Elevance Health Inc has a moderate level of debt in its capital structure, which could potentially pose some financial risk but has been maintained within a stable range in recent quarters.