Common-Size Balance Sheet: Assets
Quarterly Data
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- Income Statement
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Net Profit Margin since 2005
- Current Ratio since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
- Aggregate Accruals
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Elevance Health Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
The composition of assets at the company exhibits several notable shifts over the analyzed period, spanning from March 31, 2021, to December 31, 2025. Current assets initially decreased as a percentage of total assets, then generally increased before declining again, while the proportion of noncurrent assets demonstrated an inverse pattern. Within both current and noncurrent asset categories, significant variations are observed in the individual components.
- Current Assets
- Current assets represented a substantial portion of total assets, ranging from approximately 52% to 56% throughout the period. A decline is observed from 56.95% in March 2021 to a low of 52.28% in June 2021, followed by a general increase peaking at 55.38% in September 2023. A subsequent decrease is then noted, falling to 51.86% by December 2025. Cash and cash equivalents experienced volatility, initially decreasing significantly before rising again in late 2022 and early 2023, then declining. Premium receivables, net, consistently represented a significant portion of current assets and generally increased over the period, with a notable rise from 6.39% in March 2021 to 8.29% in December 2023. Other receivables also showed a consistent upward trend, increasing from 3.21% to 6.27% over the same timeframe. The inclusion of "Assets held for sale" beginning in June 2024, representing 0.53% of total assets, introduces a new element to the current asset composition.
- Noncurrent Assets
- Noncurrent assets accounted for a considerable portion of the asset base, fluctuating between approximately 43% and 49%. An initial increase is evident from 43.05% in March 2021 to 47.72% in March 2022, followed by a period of relative stability and then a more pronounced increase to 49.57% in December 2024, before decreasing to 48.14% in December 2025. Goodwill consistently constituted the largest component of noncurrent assets, ranging from 22.69% to 24.86% during the earlier part of the period, and then fluctuating between 22.28% and 24.19% in later periods. Other intangible assets also represented a significant portion, generally decreasing from 9.77% to 9.22% over the period. Long-term investments showed a consistent upward trend, increasing from 5.26% to 9.84% by December 2025.
- Fixed Maturity and Equity Securities
- Fixed maturity securities remained a substantial component of total assets, generally fluctuating between 24% and 27%. A gradual decline is observed from 25.66% in March 2021 to 21.30% in December 2025. Equity securities, in contrast, represented a smaller portion of the asset base and experienced a more significant decline, decreasing from 3.79% in March 2021 to 0.61% in December 2025. This suggests a shift in investment strategy or portfolio composition.
Overall, the asset composition demonstrates a dynamic interplay between current and noncurrent assets, with notable shifts within each category. The increasing proportion of long-term investments and the decreasing proportion of equity securities are particularly noteworthy trends. The introduction of "Assets held for sale" in mid-2024 also warrants attention as a potential indicator of strategic changes.