Stock Analysis on Net

Elevance Health Inc. (NYSE:ELV)

$24.99

Debt to Equity
since 2005

Microsoft Excel

Paying user area


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Calculation

Elevance Health Inc., debt to equity, 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 reveals several key trends in the company's debt and equity structure over the examined periods. The total debt exhibits a general upward trajectory, with notable increases occurring in certain years. Initially, total debt rose from 6,806 million US dollars in 2005 to 9,044 million in 2007, followed by some fluctuations and a significant increase post-2010, reaching 31,232 million by 2024. This increase indicates a growing reliance on debt financing over the years.

Shareholders' equity shows relative stability with moderate growth. Starting at 24,993 million US dollars in 2005, equity experienced some decline until 2008 but recovered and gradually increased thereafter, attaining 41,315 million by 2024. The growth in equity suggests consistent reinvestment of earnings or additional equity financing to support business operations.

The debt-to-equity ratio, reflecting the relationship between the company's debt and its equity base, also demonstrates notable changes. Initially low at 0.27 in 2005, the ratio increased steadily, peaking near 0.76 in 2024. The ratio saw sharper increases between 2008 and 2012, indicating a period of aggressively increased leverage. Although minor fluctuations occurred afterward, the ratio remained elevated, suggesting the company has assumed a higher financial risk profile over time due to increased leverage.

Total Debt
Displayed a generally increasing trend from 2005 to 2024, rising from 6.8 billion to over 31 billion US dollars. Periods of notable acceleration occurred post-2010.
Shareholders’ Equity
Showed moderate fluctuations with an initial decline until 2008, followed by steady growth, reaching over 41 billion US dollars by 2024.
Debt to Equity Ratio
Gradually increased from 0.27 to 0.76 over the timeline, with significant increases evident between 2008 and 2012, reflecting expanded leverage and greater financial risk.

In summary, the financial data indicates an increasing use of debt relative to equity, pointing to a strategic leaning towards debt financing. While the equity base has grown modestly, the rise in the debt-to-equity ratio highlights heightened leverage that may impact the company's risk profile and financial flexibility moving forward.


Comparison to Competitors

Elevance Health Inc., debt to equity, 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., debt to equity, 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)