Stock Analysis on Net
Stock Analysis on Net

Elevance Health Inc. (NYSE:ELV)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Elevance Health Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Medical claims payable
Other policyholder liabilities
Unearned income
Accounts payable and accrued expenses
Short-term borrowings
Current portion of long-term debt
Other current liabilities
Liabilities held for sale
Current liabilities
Long-term debt, less current portion
Deferred tax liabilities, net
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Preferred stock, without par value; shares issued and outstanding: none
Common stock, par value $0.01
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Shareholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 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 capital structure of the organization remains remarkably stable over the analyzed period, with total liabilities consistently accounting for approximately 62% to 65% of total liabilities and equity. Correspondingly, total equity maintains a steady presence, typically fluctuating between 34% and 37%. This indicates a consistent approach to leverage and financing throughout the observed timeframe.

Current Liability Trends
Current liabilities represent the largest component of the total funding structure, generally ranging between 33% and 40%. Medical claims payable constitute a significant and stable portion of this, consistently hovering between 13% and 15%. A notable downward trend is observed in other policyholder liabilities, which declined from 5.30% in March 2021 to 2.74% by June 2026. Unearned income remained relatively low, though periodic spikes were observed in 2022 and 2023, reaching peaks above 4% before returning to a baseline of approximately 1.3%.
Noncurrent Liability Composition
Noncurrent liabilities fluctuate between 24% and 30% of the total balance sheet. Long-term debt, excluding the current portion, is the primary driver of this category, consistently representing between 19% and 25% of total liabilities and equity. Deferred tax liabilities exhibit a gradual decline over the period, moving from a peak of 2.88% in December 2021 to 1.74% by June 2026.
Equity Evolution
The composition of equity shows a shift toward internally generated funds. Retained earnings have trended upward from 25.91% in March 2021 to approximately 29% in the later periods, reflecting sustained profit accumulation. In contrast, additional paid-in capital has experienced a gradual decrease, falling from 9.67% to approximately 7.05%. Accumulated other comprehensive loss peaked in September 2022 at -2.70% but showed a subsequent recovery trend, narrowing to -0.56% by June 2026.
Debt Management and Liquidity Indicators
Short-term borrowings remain a minimal component of the balance sheet, typically staying below 0.30%. The current portion of long-term debt showed volatility, peaking at 3.08% in March 2022 before stabilizing at lower levels, often below 1% in the most recent projections, suggesting a strategic management of debt maturities.