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CVS Health CVS Debt-to-assets

Debt-to-assets at other companies

Dollar General logo
Dollar GeneralDG
0.5×-0.1×
Humana logo
HumanaHUM
0.3×0.0×
Walmart
 logo
Walmart WMT
0.3×0.0×
UnitedHealth Group logo
UnitedHealth GroupUNH
0.2×0.0×
Amazon logo
AmazonAMZN
0.3×0.0×
Centene logo
CenteneCNC
0.2×0.0×

Other financials

Income statement

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Revenue$100.43B+6.2%
Gross profit$45.0B+3.3%
Operating income$4.7B+38.7%
Net income$2.9B+65.4%
EPS (diluted)$2.30+63.1%

Balance sheet

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Cash & equivalents$9.8B-5.6%
Total debt$15.2B-14.2%
Total equity$77.5B+0.7%
Total assets$252.97B-1.0%

Cash flow

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Operating cash flow$4.2B-6.7%
CapEx$849.0M+14.3%
Free cash flow$3.4B-10.8%

Valuation

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Market cap$126.52B+7.0%
Enterprise value$131.99B+4.3%
P/E43.2×+20.7×
P/S0.3×0.0×

Profitability

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Gross margin44.7%-0.1pp
Operating margin1.5%-1.1pp
Net margin0.7%-0.7pp

Returns & leverage

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Return on equity3.8%-3.2pp
Debt / equity0.2×0.0×
Current ratio0.9×0.0×

Where this comes from

Calculated from CVS Health’s reported figures.

Based on the most recent quarter.

The official record: CVS Health’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CVS Health's debt-to-assets?
CVS Health (CVS) reported debt-to-assets of 0.1× in Q1 2026.
How has CVS Health's debt-to-assets changed year-over-year?
CVS Health's debt-to-assets decreased by 13.4% year-over-year, from 0.1× to 0.1×.
What is the long-term trend for CVS Health's debt-to-assets?
Over 4 years (2021 to 2025), CVS Health's debt-to-assets has grown at a -10.7% compound annual growth rate (CAGR), from 0.8× to 0.5×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.