Equity to Asset ratio is calculated as total stockholders equity divided by total asset. CVS Health's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $76,461 Mil. CVS Health's Total Assets for the quarter that ended in Dec. 2023 was $249,728 Mil.
Therefore, CVS Health's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.31.
The historical rank and industry rank for CVS Health's Equity-to-Asset or its related term are showing as below:
CVS'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.29 Med: 0.32 Max: 0.51
Current: 0.31
During the past 13 years, the highest Equity to Asset Ratio of CVS Health was 0.51. The lowest was 0.29. And the median was 0.32.
CVS's Equity-to-Asset is ranked worse than 57.14% of 21
companies
in the Healthcare Plans industry
Industry Median: 0.32
vs CVS: 0.31
CVS Health Equity-to-Asset Historical Data
The historical data trend for CVS Health's Equity-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 Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Equity-to-Asset
0.29
0.30
0.32
0.31
0.31
CVS Health Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Equity-to-Asset
0.31
0.30
0.29
0.30
0.31
Competitive Comparison
For the Healthcare Plans subindustry, CVS Health's Equity-to-Asset, along with its competitors' market caps and Equity-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 Equity-to-Asset Distribution
For the Healthcare Plans industry and Healthcare sector, CVS Health's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where CVS Health's Equity-to-Asset falls into.
CVS Health Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
CVS Health's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
CVS Health (NYSE:CVS) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
CVS Health Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of CVS Health's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CVS has been successfully added to your 