Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Elevance Health's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $40,608 Mil. Elevance Health's Total Assets for the quarter that ended in Mar. 2024 was $111,894 Mil.
Therefore, Elevance Health's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.36.
The historical rank and industry rank for Elevance Health's Equity-to-Asset or its related term are showing as below:
ELV'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.34 Med: 0.38 Max: 0.41
Current: 0.36
During the past 13 years, the highest Equity to Asset Ratio of Elevance Health was 0.41. The lowest was 0.34. And the median was 0.38.
ELV's Equity-to-Asset is ranked better than 57.14% of 21
companies
in the Healthcare Plans industry
Industry Median: 0.33
vs ELV: 0.36
Elevance Health Equity-to-Asset Historical Data
The historical data trend for Elevance 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.
Competitive Comparison of Elevance Health's Equity-to-Asset
For the Healthcare Plans subindustry, Elevance 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.
Elevance Health's Equity-to-Asset Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Elevance Health's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Elevance Health's Equity-to-Asset falls into.
Elevance 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.
Elevance 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.
Elevance Health (NYSE:ELV) 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%.
Elevance Health Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Elevance Health's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Elevance Health (Elevance Health) Business Description
Elevance Health remains one of the leading health insurers in the U.S., providing medical benefits to 48 million medical members as of June 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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