Elevance Health Inc (ELV)

Financial leverage 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
Total assets	US$ in thousands	116,889,000	116,533,000	112,988,000	111,894,000	108,928,000	110,478,000	109,168,000	109,040,000	102,755,000	103,026,000	100,877,000	100,486,000	97,460,000	98,060,000	96,097,000	95,683,000	86,615,000	86,574,000	87,976,000	82,399,000
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
Financial leverage ratio		2.83	2.66	2.68	2.76	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

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $116,889,000K ÷ $41,315,000K
= 2.83

Elevance Health Inc's financial leverage ratio has fluctuated over the past few years, ranging from 2.55 to 2.92. The trend shows some variability with no consistent directional movement. The financial leverage ratio indicates the company's level of debt relative to its equity. A ratio above 1 indicates that the company has more debt than equity, suggesting higher financial risk.

Elevance Health Inc's financial leverage ratio has generally been around 2.7 to 2.8 in recent periods. This range implies that the company typically carries a moderate level of debt compared to its equity. It is essential for the company to monitor and manage its debt levels effectively to maintain a healthy balance between debt and equity financing. Additionally, fluctuations in the financial leverage ratio may signal changes in the company's capital structure or financial strategy.