CVS Health (FRA:CVS) Debt-to-Asset : 0.32 (As of Dec. 2023)

View and export this data going back to 1952. Start your Free Trial

What is CVS Health Debt-to-Asset?

CVS Health's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €4,322 Mil. CVS Health's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €68,474 Mil. CVS Health's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was €229,001 Mil. CVS Health's debt to asset for the quarter that ended in Dec. 2023 was 0.32.

CVS Health Debt-to-Asset Historical Data

The historical data trend for CVS 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.

CVS Health Debt-to-Asset Chart

CVS Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

Get a 7-Day Free Trial

0.40

0.37

0.33

0.31

0.32

CVS Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.31	0.32	0.33	0.32	0.32

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

For the Healthcare Plans subindustry, CVS 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.

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

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

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

CVS Health Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

CVS 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
	=	(4321.821	+	68474.224)	/	229000.576
	=	0.32

CVS Health's Debt-to-Asset for the quarter 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
	=	(4321.821	+	68474.224)	/	229000.576
	=	0.32

CVS Health (FRA:CVS) 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.

CVS Health Debt-to-Asset Related Terms

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

CVS Health (FRA:CVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » CVS Health Corp (FRA:CVS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

CVS:USA CVS:Peru CVS:Mexico 1CVS:Italy CVSd:UK 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 U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 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.