Elevance Health Inc (ELV)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| 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 |
The solvency ratios of Elevance Health Inc indicate a strong financial position with consistently low debt levels relative to its assets and capital structure.
- Debt-to-assets ratio: The company's debt-to-assets ratio has consistently remained at 0.00 across all reporting periods, indicating that Elevance Health has no debt in relation to its total assets. This is a positive sign as it suggests the company is not relying heavily on borrowed funds to finance its operations.
- Debt-to-capital ratio: Similarly, the debt-to-capital ratio has also maintained a steady 0.00 across all periods, reinforcing the company's financial stability. This ratio shows the proportion of the company's capital that is funded by debt, and Elevance Health's ratio suggests a capital structure primarily financed by equity.
- Debt-to-equity ratio: The debt-to-equity ratio has also consistently stayed at 0.00 throughout the reporting periods, reflecting the absence of debt in relation to shareholders' equity. This indicates that the company is not heavily leveraging its equity with debt, further highlighting its strong financial standing.
- Financial leverage ratio: The financial leverage ratio shows a slight fluctuation over time, ranging between 2.55 and 2.92. Despite these fluctuations, the values are relatively stable and within a reasonable range, indicating that the company's level of financial leverage is moderate and not excessive.
Overall, based on the solvency ratios, Elevance Health Inc appears to have a healthy financial position with minimal debt levels and a sound capital structure, which may provide the company with stability and resilience to economic challenges.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7.67 | 8.52 | 9.07 | 8.70 | 8.25 | 8.60 | 9.49 | 9.66 | 10.13 | 10.78 | 10.75 | 11.03 | 10.94 | 10.04 | 8.02 | 9.09 | 8.96 | 9.59 | 11.16 | 9.14 |
Elevance Health Inc's interest coverage ratio has exhibited some fluctuations over the 5-year period. The ratio, which measures the company's ability to cover its interest expenses with its operating income, has generally been above 1, indicating that the company has been able to meet its interest obligations comfortably.
The interest coverage ratio reached its highest point in June 2022 at 11.16, signifying a strong ability to cover interest expenses at that time. However, there were some dips in the ratio in subsequent periods, with the lowest point observed in December 2024 at 7.67. These fluctuations suggest some variability in the company's operating income relative to its interest expenses during the period under review.
Overall, Elevance Health Inc's interest coverage ratio has demonstrated a generally healthy financial position in terms of its ability to meet interest payments. However, it would be prudent for the company to closely monitor and manage its operating income to ensure stability in covering its interest expenses effectively.