Stock Analysis on Net
Stock Analysis on Net

Elevance Health Inc. (NYSE:ELV)

Debt to Equity
since 2005

Microsoft Excel

Calculation

Elevance Health Inc., debt to equity, long-term trends, calculation

Microsoft Excel
Debt to equity = Total debt1 ÷ Shareholders’ equity1
Dec 31, 2023 0.64 = 25,120 ÷ 39,306
Dec 31, 2022 0.66 = 24,114 ÷ 36,307
Dec 31, 2021 0.64 = 23,031 ÷ 36,060
Dec 31, 2020 0.60 = 20,035 ÷ 33,199
Dec 31, 2019 0.63 = 20,085 ÷ 31,728
Dec 31, 2018 0.67 = 19,211 ÷ 28,541
Dec 31, 2017 0.75 = 19,932 ÷ 26,503
Dec 31, 2016 0.63 = 15,727 ÷ 25,100
Dec 31, 2015 0.69 = 15,865 ÷ 23,044
Dec 31, 2014 0.62 = 15,152 ÷ 24,251
Dec 31, 2013 0.59 = 14,492 ÷ 24,765
Dec 31, 2012 0.63 = 14,978 ÷ 23,803
Dec 31, 2011 0.42 = 9,795 ÷ 23,288
Dec 31, 2010 0.38 = 8,954 ÷ 23,813
Dec 31, 2009 0.34 = 8,399 ÷ 24,863
Dec 31, 2008 0.41 = 8,842 ÷ 21,432
Dec 31, 2007 0.39 = 9,044 ÷ 22,990
Dec 31, 2006 0.29 = 7,014 ÷ 24,576
Dec 31, 2005 0.27 = 6,806 ÷ 24,993

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: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

Comparison to Competitors

Elevance Health Inc., debt to equity, long-term trends, comparison to competitors

Microsoft Excel
Elevance Health Inc. Abbott Laboratories Cigna Group CVS Health Corp. Humana Inc. Intuitive Surgical Inc. Medtronic PLC UnitedHealth Group Inc.
Dec 31, 2023 0.64 0.38 0.67 0.81 0.74 0.00 0.47 0.70
Dec 31, 2022 0.66 0.46 0.69 0.74 0.75 0.00 0.46 0.74
Dec 31, 2021 0.64 0.50 0.71 0.75 0.80 0.00 0.51 0.64
Dec 31, 2020 0.60 0.57 0.65 0.93 0.51 0.00 0.49 0.66
Dec 31, 2019 0.63 0.58 0.83 1.07 0.49 0.00 0.51 0.71
Dec 31, 2018 0.67 0.64 1.04 1.26 0.61 0.00 0.51 0.71
Dec 31, 2017 0.75 0.90 0.40 0.72 0.51 0.00 0.66 0.66
Dec 31, 2016 0.63 1.07 0.37 0.75 0.40 0.00 0.60 0.86
Dec 31, 2015 0.69 0.42 0.43 0.74 0.43 0.00 0.68 0.95
Dec 31, 2014 0.62 0.36 0.48 0.34 0.43 0.00 0.61 0.54
Dec 31, 2013 0.59 0.26 0.50 0.35 0.32 0.00 0.57 0.52
Dec 31, 2012 0.63 0.77 0.53 0.26 0.33 0.00 0.62 0.54
Dec 31, 2011 0.42 0.63 0.61 0.26 0.24 0.00 0.62 0.41
Dec 31, 2010 0.38 0.85 0.43 0.27 0.30 0.00 0.65 0.43
Dec 31, 2009 0.34 0.72 0.47 0.31 0.36 0.00 0.57 0.47
Dec 31, 2008 0.41 0.65 0.67 0.34 0.48 0.00 0.60 0.62
Dec 31, 2007 0.39 0.69 0.38 0.33 0.49 0.00 0.55 0.55
Dec 31, 2006 0.29 0.88 0.39 0.51 0.51 0.00 0.84 0.36
Dec 31, 2005 0.27 0.46 0.27 0.26 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: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Health Care Equipment & Services)

Elevance Health Inc., debt to equity, long-term trends, comparison to sector (health care equipment & services)

Microsoft Excel
Elevance Health Inc. Health Care Equipment & Services
Dec 31, 2023 0.64 0.62
Dec 31, 2022 0.66 0.63
Dec 31, 2021 0.64 0.63
Dec 31, 2020 0.60 0.65
Dec 31, 2019 0.63 0.72
Dec 31, 2018 0.67 0.80
Dec 31, 2017 0.75 0.68
Dec 31, 2016 0.63 0.68
Dec 31, 2015 0.69 0.67
Dec 31, 2014 0.62 0.47
Dec 31, 2013 0.59 0.43
Dec 31, 2012 0.63 0.51
Dec 31, 2011 0.42 0.43
Dec 31, 2010 0.38 0.45
Dec 31, 2009 0.34 0.45
Dec 31, 2008 0.41 0.49
Dec 31, 2007 0.39 0.47
Dec 31, 2006 0.29 0.50
Dec 31, 2005 0.27 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: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Health Care)

Elevance Health Inc., debt to equity, long-term trends, comparison to industry (health care)

Microsoft Excel
Elevance Health Inc. Health Care
Dec 31, 2023 0.64 0.81
Dec 31, 2022 0.66 0.72
Dec 31, 2021 0.64 0.78
Dec 31, 2020 0.60 0.90
Dec 31, 2019 0.63 0.91
Dec 31, 2018 0.67 0.87
Dec 31, 2017 0.75 0.79
Dec 31, 2016 0.63 0.75
Dec 31, 2015 0.69 0.68
Dec 31, 2014 0.62 0.52
Dec 31, 2013 0.59 0.49
Dec 31, 2012 0.63 0.51
Dec 31, 2011 0.42 0.45
Dec 31, 2010 0.38 0.41
Dec 31, 2009 0.34 0.41
Dec 31, 2008 0.41 0.41
Dec 31, 2007 0.39 0.36
Dec 31, 2006 0.29 0.33
Dec 31, 2005 0.27 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: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).