CVS Health (LTS:0HRS) Debt-to-Equity : 1.10 (As of Sep. 2024)

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What is CVS Health Debt-to-Equity?

CVS Health's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $7,622 Mil. CVS Health's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $75,082 Mil. CVS Health's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $74,944 Mil. CVS Health's debt to equity for the quarter that ended in Sep. 2024 was 1.10.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for CVS Health's Debt-to-Equity or its related term are showing as below:

LTS:0HRS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 1.07 Max: 1.83
Current: 1.1

During the past 13 years, the highest Debt-to-Equity Ratio of CVS Health was 1.83. The lowest was 0.34. And the median was 1.07.

LTS:0HRS's Debt-to-Equity is ranked worse than
88.24% of 17 companies
in the Healthcare Plans industry
Industry Median: 0.53 vs LTS:0HRS: 1.10

CVS Health Debt-to-Equity Historical Data

The historical data trend for CVS Health's Debt-to-Equity 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.

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CVS Health Debt-to-Equity Chart

CVS Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.39

1.23

1.01

0.99

1.04

CVS 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-Equity	Get a 7-Day Free Trial															1.08	1.04	1.11	1.12	1.10

Competitive Comparison of CVS Health's Debt-to-Equity

For the Healthcare Plans subindustry, CVS Health's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

CVS Health's Debt-to-Equity Distribution in the Healthcare Plans Industry

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

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

CVS Health Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CVS Health's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4713	+	74672)	/	76461
	=	1.04

CVS Health's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(7622	+	75082)	/	74944
	=	1.10

CVS Health (LTS:0HRS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

CVS Health Debt-to-Equity Related Terms

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

CVS Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » CVS Health Corp (LTS:0HRS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CVS:USA CVS:Peru CVS:Mexico 1CVS:Italy CVSd:UK CVS0:Germany CVS:Germany CVS:Germany CVS:Germany CVS:Chile CVS:Canada CVSH34:Brazil CVS:Austria

Address

One CVS Drive, Woonsocket, RI, USA, 02895

Website

https://www.cvshealth.com

CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the us. CVS is also a large pharmacy benefit manager (acquired through Caremark), processing about 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.

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