Common-Size Balance Sheet: Assets
Paying user area
Try for free
Elevance Health Inc. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Elevance Health Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Elevance Health Inc., common-size consolidated balance sheet: assets
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).
- Cash and cash equivalents
- The proportion of cash and cash equivalents relative to total assets exhibited variability, decreasing from 6.63% in 2020 to 5.01% in 2021, then rising to 7.19% in 2022. It slightly declined again in 2023 to 5.99%, followed by a moderate increase to 7.09% in 2024, indicating fluctuating liquidity levels within a narrow range.
- Fixed maturity securities
- This category showed a declining trend from 27.05% in 2020 to 25.25% in 2022, before rebounding to 27.19% in 2023 and significantly decreasing to 21.56% in 2024. This reduction in 2024 suggests a strategic shift or reallocation of this asset class within the portfolio.
- Equity securities
- The share of equity securities was relatively low throughout the period, peaking at 1.93% in 2021, then sharply declining to 0.21% in 2023, with a slight recovery to 1.02% in 2024, indicating limited exposure or reduced investment in equities.
- Premium receivables
- This item demonstrated a general increasing trend, rising from 6.09% in 2020 to a high of 7.25% in 2023, before a small dip to 6.85% in 2024, which may reflect changes in premium inflow or collection patterns.
- Self-funded receivables
- The proportion of self-funded receivables increased moderately from 3.29% in 2020 to 4.54% in 2022, followed by a mild decline and stabilization around 4.2% to 4.32% in subsequent years, indicating relatively stable self-funding activities.
- Other receivables
- Other receivables consistently rose over the period, moving from 3.27% in 2020 to 5.15% in 2024, suggesting growing miscellaneous receivables or improved recognition of such assets.
- Other current assets
- This category showed an overall slight increase from 4.69% in 2020 to a peak of 5.32% in 2023, followed by a noticeable decline to 4.02% in 2024, which may imply changes in short-term asset composition.
- Assets held for sale
- This item appeared only in 2024 at 0.42%, indicating a recent decision to classify certain assets for disposal or divestiture.
- Current assets
- The total current assets as a proportion of total assets remained relatively stable but showed some fluctuation. It decreased slightly from 52.82% in 2020 to 52.45% in 2021, increased to 55.11% in 2023, and then declined noticeably to 50.43% in 2024, reflecting shifts in short-term asset management or rebalancing.
- Fixed maturity securities (noncurrent)
- The long-term fixed maturity securities proportion increased gradually from 0.65% in 2020 to 0.89% in 2024, indicating a slow but steady increase in longer-term debt investments.
- Other invested assets
- This asset category grew steadily from 4.95% in 2020 to 8.34% in 2024, reflecting increased diversification or greater allocation to alternative or less liquid investments over time.
- Long-term investments
- Long-term investments experienced growth from 5.6% in 2020 to 9.23% in 2024. This continuous increase suggests an expanding focus on longer-term strategic assets or growth investments.
- Property and equipment, net
- This asset class remained fairly stable throughout the period, fluctuating marginally between 3.98% and 4.2%, indicating consistent investment in fixed assets without significant changes.
- Goodwill
- Goodwill as a percentage of total assets declined gradually from 25.04% in 2020 to 23.24% in 2023, followed by a modest increase to 24.19% in 2024. This suggests adjustments in acquisition-related intangible assets but overall retained significance within the asset base.
- Other intangible assets
- Other intangible assets showed a decreasing trend from 10.86% in 2020 to 9.43% in 2023, before rising again to 10.35% in 2024, indicating some fluctuations in the valuation or composition of intangible assets.
- Other noncurrent assets
- This proportion remained relatively minor and stable, increasing slightly from 1.66% in 2020 to 1.83% in 2024, reflecting low volatility in this asset category.
- Noncurrent assets
- The overall share of noncurrent assets decreased from 47.18% in 2020 to 44.89% in 2023 but then increased substantially to 49.57% in 2024, signaling a shift back toward long-term assets after a period of relative reduction.
- Total assets
- The composition of total assets consistently sums to 100% each year, confirming that the analysis reflects the proportional structure of the asset base without external fluctuations in denominator values.