Stock Analysis on Net

Elevance Health Inc. (NYSE:ELV)

Analysis of Debt

Microsoft Excel

Total Debt (Carrying Amount)

Elevance Health Inc., balance sheet: debt

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Short-term borrowings 225 265 275 700
Current portion of long-term debt 1,649 1,500 1,599 700 1,598
Long-term debt, less current portion 23,246 22,349 21,157 19,335 17,787
Total debt (carrying amount) 25,120 24,114 23,031 20,035 20,085

Based on: 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).

Debt item Description The company
Total debt (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Elevance Health Inc. total debt increased from 2021 to 2022 and from 2022 to 2023.

Total Debt (Fair Value)

Microsoft Excel
Dec 31, 2023
Selected Financial Data (US$ in millions)
Short-term borrowings 225
Commercial paper
Notes 23,569
Convertible debentures
Total debt (fair value) 23,794
Financial Ratio
Debt, fair value to carrying amount ratio 0.95

Based on: 10-K (reporting date: 2023-12-31).


Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt: 4.05%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
5.46% 225 12
3.35% 850 28
3.50% 799 28
2.38% 1,251 30
5.35% 399 21
1.50% 747 11
4.90% 496 24
3.65% 1,595 58
4.10% 1,236 51
2.88% 821 24
2.25% 1,075 24
2.55% 972 25
4.10% 595 24
5.50% 658 36
4.75% 992 47
5.95% 335 20
5.85% 397 23
6.38% 364 23
5.80% 114 7
4.63% 860 40
4.65% 975 45
4.65% 768 36
5.10% 548 28
4.38% 1,388 61
4.55% 840 38
3.70% 813 30
3.13% 988 31
3.60% 1,233 44
4.55% 689 31
6.10% 742 45
5.13% 1,083 56
4.85% 247 12
9.00% 25 2
Total 25,120 1,017
4.05%

Based on: 10-K (reporting date: 2023-12-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × 1,017 ÷ 25,120 = 4.05%