Elevance Health Balance Sheet Health
Financial Health criteria checks 5/6
Elevance Health has a total shareholder equity of $43.9B and total debt of $27.1B, which brings its debt-to-equity ratio to 61.9%. Its total assets and total liabilities are $116.5B and $72.7B respectively. Elevance Health's EBIT is $10.6B making its interest coverage ratio 9.6. It has cash and short-term investments of $37.9B.
Key information
61.9%
Debt to equity ratio
US$27.15b
Debt
| Interest coverage ratio | 9.6x |
| Cash | US$37.93b |
| Equity | US$43.88b |
| Total liabilities | US$72.65b |
| Total assets | US$116.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A58's short term assets ($62.8B) exceed its short term liabilities ($42.0B).
Long Term Liabilities: A58's short term assets ($62.8B) exceed its long term liabilities ($30.6B).
Debt to Equity History and Analysis
Debt Level: A58 has more cash than its total debt.
Reducing Debt: A58's debt to equity ratio has reduced from 66.1% to 61.9% over the past 5 years.
Debt Coverage: A58's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: A58's interest payments on its debt are well covered by EBIT (9.6x coverage).