Elevance Health Balance Sheet Health
Financial Health criteria checks 5/6
Elevance Health has a total shareholder equity of $40.7B and total debt of $26.5B, which brings its debt-to-equity ratio to 65%. Its total assets and total liabilities are $111.9B and $71.2B respectively. Elevance Health's EBIT is $10.2B making its interest coverage ratio 9.8. It has cash and short-term investments of $36.3B.
Key information
65.0%
Debt to equity ratio
US$26.45b
Debt
Interest coverage ratio | 9.8x |
Cash | US$36.27b |
Equity | US$40.71b |
Total liabilities | US$71.18b |
Total assets | US$111.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A58's short term assets ($60.9B) exceed its short term liabilities ($44.3B).
Long Term Liabilities: A58's short term assets ($60.9B) exceed its long term liabilities ($26.9B).
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 66.4% to 65% over the past 5 years.
Debt Coverage: A58's debt is not well covered by operating cash flow (13.5%).
Interest Coverage: A58's interest payments on its debt are well covered by EBIT (9.8x coverage).