Debt to Equity
since 2005
Calculation
CVS Health Corp., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Total CVS Health shareholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 0.81 | = | 61,610) | ÷ | 76,461) |
| Dec 31, 2022 | 0.74 | = | 52,254) | ÷ | 71,015) |
| Dec 31, 2021 | 0.75 | = | 56,176) | ÷ | 75,075) |
| Dec 31, 2020 | 0.93 | = | 64,647) | ÷ | 69,389) |
| Dec 31, 2019 | 1.07 | = | 68,480) | ÷ | 63,864) |
| Dec 31, 2018 | 1.26 | = | 73,429) | ÷ | 58,225) |
| Dec 31, 2017 | 0.72 | = | 27,002) | ÷ | 37,691) |
| Dec 31, 2016 | 0.75 | = | 27,531) | ÷ | 36,830) |
| Dec 31, 2015 | 0.74 | = | 27,464) | ÷ | 37,196) |
| Dec 31, 2014 | 0.34 | = | 12,955) | ÷ | 37,958) |
| Dec 31, 2013 | 0.35 | = | 13,402) | ÷ | 37,938) |
| Dec 31, 2012 | 0.26 | = | 9,828) | ÷ | 37,704) |
| Dec 31, 2011 | 0.26 | = | 10,014) | ÷ | 38,051) |
| Dec 31, 2010 | 0.27 | = | 10,057) | ÷ | 37,700) |
| Dec 31, 2009 | 0.31 | = | 11,175) | ÷ | 35,768) |
| Dec 31, 2008 | 0.34 | = | 11,755) | ÷ | 34,574) |
| Dec 29, 2007 | 0.33 | = | 10,482) | ÷ | 31,322) |
| Dec 30, 2006 | 0.51 | = | 5,057) | ÷ | 9,918) |
| Dec 31, 2005 | 0.26 | = | 2,189) | ÷ | 8,331) |
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), 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: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
CVS Health Corp., debt to equity, long-term trends, comparison to competitors
| CVS Health Corp. | Abbott Laboratories | Cigna Group | Elevance Health Inc. | Humana Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 0.81 | 0.38 | 0.67 | 0.64 | 0.74 | 0.00 | 0.47 | 0.70 |
| Dec 31, 2022 | 0.74 | 0.46 | 0.69 | 0.66 | 0.75 | 0.00 | 0.46 | 0.74 |
| Dec 31, 2021 | 0.75 | 0.50 | 0.71 | 0.64 | 0.80 | 0.00 | 0.51 | 0.64 |
| Dec 31, 2020 | 0.93 | 0.57 | 0.65 | 0.60 | 0.51 | 0.00 | 0.49 | 0.66 |
| Dec 31, 2019 | 1.07 | 0.58 | 0.83 | 0.63 | 0.49 | 0.00 | 0.51 | 0.71 |
| Dec 31, 2018 | 1.26 | 0.64 | 1.04 | 0.67 | 0.61 | 0.00 | 0.51 | 0.71 |
| Dec 31, 2017 | 0.72 | 0.90 | 0.40 | 0.75 | 0.51 | 0.00 | 0.66 | 0.66 |
| Dec 31, 2016 | 0.75 | 1.07 | 0.37 | 0.63 | 0.40 | 0.00 | 0.60 | 0.86 |
| Dec 31, 2015 | 0.74 | 0.42 | 0.43 | 0.69 | 0.43 | 0.00 | 0.68 | 0.95 |
| Dec 31, 2014 | 0.34 | 0.36 | 0.48 | 0.62 | 0.43 | 0.00 | 0.61 | 0.54 |
| Dec 31, 2013 | 0.35 | 0.26 | 0.50 | 0.59 | 0.32 | 0.00 | 0.57 | 0.52 |
| Dec 31, 2012 | 0.26 | 0.77 | 0.53 | 0.63 | 0.33 | 0.00 | 0.62 | 0.54 |
| Dec 31, 2011 | 0.26 | 0.63 | 0.61 | 0.42 | 0.24 | 0.00 | 0.62 | 0.41 |
| Dec 31, 2010 | 0.27 | 0.85 | 0.43 | 0.38 | 0.30 | 0.00 | 0.65 | 0.43 |
| Dec 31, 2009 | 0.31 | 0.72 | 0.47 | 0.34 | 0.36 | 0.00 | 0.57 | 0.47 |
| Dec 31, 2008 | 0.34 | 0.65 | 0.67 | 0.41 | 0.48 | 0.00 | 0.60 | 0.62 |
| Dec 29, 2007 | 0.33 | 0.69 | 0.38 | 0.39 | 0.49 | 0.00 | 0.55 | 0.55 |
| Dec 30, 2006 | 0.51 | 0.88 | 0.39 | 0.29 | 0.51 | 0.00 | 0.84 | 0.36 |
| Dec 31, 2005 | 0.26 | 0.46 | 0.27 | 0.27 | 0.44 | 0.00 | 0.23 | 0.40 |
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), 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: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Health Care Equipment & Services)
CVS Health Corp., debt to equity, long-term trends, comparison to sector (health care equipment & services)
| CVS Health Corp. | Health Care Equipment & Services | |
|---|---|---|
| Dec 31, 2023 | 0.81 | 0.62 |
| Dec 31, 2022 | 0.74 | 0.63 |
| Dec 31, 2021 | 0.75 | 0.63 |
| Dec 31, 2020 | 0.93 | 0.65 |
| Dec 31, 2019 | 1.07 | 0.72 |
| Dec 31, 2018 | 1.26 | 0.80 |
| Dec 31, 2017 | 0.72 | 0.68 |
| Dec 31, 2016 | 0.75 | 0.68 |
| Dec 31, 2015 | 0.74 | 0.67 |
| Dec 31, 2014 | 0.34 | 0.47 |
| Dec 31, 2013 | 0.35 | 0.43 |
| Dec 31, 2012 | 0.26 | 0.51 |
| Dec 31, 2011 | 0.26 | 0.43 |
| Dec 31, 2010 | 0.27 | 0.45 |
| Dec 31, 2009 | 0.31 | 0.45 |
| Dec 31, 2008 | 0.34 | 0.49 |
| Dec 29, 2007 | 0.33 | 0.47 |
| Dec 30, 2006 | 0.51 | 0.50 |
| Dec 31, 2005 | 0.26 | 0.33 |
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), 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: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Health Care)
CVS Health Corp., debt to equity, long-term trends, comparison to industry (health care)
| CVS Health Corp. | Health Care | |
|---|---|---|
| Dec 31, 2023 | 0.81 | 0.83 |
| Dec 31, 2022 | 0.74 | 0.74 |
| Dec 31, 2021 | 0.75 | 0.80 |
| Dec 31, 2020 | 0.93 | 0.90 |
| Dec 31, 2019 | 1.07 | 0.91 |
| Dec 31, 2018 | 1.26 | 0.87 |
| Dec 31, 2017 | 0.72 | 0.79 |
| Dec 31, 2016 | 0.75 | 0.75 |
| Dec 31, 2015 | 0.74 | 0.68 |
| Dec 31, 2014 | 0.34 | 0.52 |
| Dec 31, 2013 | 0.35 | 0.49 |
| Dec 31, 2012 | 0.26 | 0.51 |
| Dec 31, 2011 | 0.26 | 0.45 |
| Dec 31, 2010 | 0.27 | 0.41 |
| Dec 31, 2009 | 0.31 | 0.41 |
| Dec 31, 2008 | 0.34 | 0.41 |
| Dec 29, 2007 | 0.33 | 0.36 |
| Dec 30, 2006 | 0.51 | 0.33 |
| Dec 31, 2005 | 0.26 | 0.30 |
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), 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: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).