Stock Analysis on Net

Elevance Health Inc. (NYSE:ELV)

$24.99

Current Ratio
since 2005

Microsoft Excel

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Calculation

Elevance Health Inc., current ratio, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


The financial data indicates notable variability in current assets and liabilities over the reported periods. Current assets experienced a significant decline from 25,945 million US dollars in 2005 to 11,807 million in 2006, followed by a gradual recovery with fluctuations, reaching a peak of 60,029 million by 2023 before slightly dropping to 58,942 million in 2024.

Current liabilities showed a general upward trend, starting at 14,857 million in 2005 and rising to a peak of 41,791 million in 2023, slightly decreasing to 40,581 million in 2024. Despite some fluctuations, liabilities consistently increased over the years, reflecting a growing obligation or financing need.

The current ratio, representing short-term liquidity by comparing current assets to current liabilities, exhibited significant fluctuations early on. It dropped sharply to 0.77 in 2006 from 1.75 in 2005, remaining below 1.0 through 2008, indicating potential liquidity pressures in those years. From 2009 onwards, the ratio stabilized above 1.5, suggesting improved liquidity and better coverage of short-term obligations, although it trended slightly downward in recent years from 1.65 in 2019 to 1.45 in 2024.

Current Assets Trends
Initial steep decline in 2006 followed by steady growth with periods of stabilization, culminating in a significant increase by 2023.
Current Liabilities Trends
Overall upward trend with some minor fluctuations, indicating a steady rise in short-term financial obligations.
Current Ratio Analysis
Early period characterized by liquidity stress as ratio fell below 1.0; subsequent improvement and relative stability above 1.5, though a modest declining trend is observed from 2019 onward.
Liquidity Position
The company's liquidity position improved markedly after 2008, maintaining current ratios indicative of adequate short-term asset coverage, despite rising liabilities and some minor recent decreases in the ratio.

Comparison to Competitors

Elevance Health Inc., current ratio, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Health Care Equipment & Services)

Elevance Health Inc., current ratio, long-term trends, comparison to sector (health care equipment & services)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Health Care)