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Elevance Health (FRA:A58) Debt-to-Asset : 0.23 (As of Sep. 2024)


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What is Elevance Health Debt-to-Asset?

Elevance Health's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €2,216 Mil. Elevance Health's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €22,244 Mil. Elevance Health's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was €104,996 Mil. Elevance Health's debt to asset for the quarter that ended in Sep. 2024 was 0.23.

Elevance Health Debt-to-Asset Historical Data

The historical data trend for Elevance Health's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Elevance Health Debt-to-Asset Chart

Elevance Health Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.23 0.24 0.24 0.23

Elevance Health Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 0.23 0.24 0.25 0.23

Competitive Comparison of Elevance Health's Debt-to-Asset

For the Healthcare Plans subindustry, Elevance Health's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Elevance Health's Debt-to-Asset Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Elevance Health's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Elevance Health's Debt-to-Asset falls into.


Elevance Health Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Elevance Health's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(1718.458 + 21316.582) / 99886.976
=0.23

Elevance Health's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(2216.46 + 22243.888) / 104996.233
=0.23

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Elevance Health  (FRA:A58) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Elevance Health Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Elevance Health's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Elevance Health Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Elevance Health Inc (FRA:A58) » Definitions » Debt-to-Asset
Comparable Companies
CI CVS HUM CNC MOH OSCR ALHC CLOV NEUE MRAI UNH SZSE:000503 BSP:ODPV3 NSE:MEDIASSIST BJSE:870656 BSP:QUAL3 ROCO:6665 MIL:HI TSXV:NXG PFHO
Traded in Other Exchanges
ELV:USA ELV:Mexico 1ANTM:Italy 0HG8:UK A58:Germany E1LV34:Brazil ELV:Austria
Address
220 Virginia Avenue, Indianapolis, IN, USA, 46204
Website
https://www.elevancehealth.com
Elevance Health remains one of the leading health insurers in the U.S., providing medical benefits to 47 million medical members as of December 2023. The company offers employer, individual, and government-sponsored coverage plans. Elevance differs from its peers in its unique position as the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states. Through acquisitions, such as the Amerigroup deal in 2012 and MMM in 2021, Elevance's reach expands beyond those states through government-sponsored programs such as Medicaid and Medicare Advantage plans, too.

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