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Elevance Health ELV Debt-to-assets

Debt-to-assets at other companies

Humana logo
HumanaHUM
0.3×0.0×
CVS Health logo
CVS HealthCVS
0.1×0.0×
UnitedHealth Group logo
UnitedHealth GroupUNH
0.2×0.0×
Centene logo
CenteneCNC
0.2×0.0×
Cigna logo
CignaCI
0.0×
Cencora logo
CencoraCOR
0.1×0.0×

Other financials

Income statement

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Revenue$50.2B+2.6%
Gross profit$44.7B+1.8%
Net income$1.8B-19.2%
EPS (diluted)$8.00-16.8%

Balance sheet

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Cash & equivalents$9.7B+28.8%
Total debt$31.5B+11.0%
Total equity$43.9B+3.3%
Total assets$125.83B+5.1%

Cash flow

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Operating cash flow$4.3B+326%
CapEx$235.0M+19.9%
Free cash flow$4.1B+399%

Valuation

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Market cap$84.37B-34.7%
Enterprise value$106.2B-27.8%
P/E16.1×-5.7×
P/S0.4×-0.3×

Profitability

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Gross margin89.2%+0.6pp
Net margin2.6%-0.6pp

Returns & leverage

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Return on equity12.1%-2.1pp
Debt / equity0.7×+0.1×
Current ratio1.5×0.0×

Where this comes from

Calculated from Elevance Health’s reported figures.

Based on the most recent quarter.

The official record: Elevance Health’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Elevance Health's debt-to-assets?
Elevance Health (ELV) reported debt-to-assets of 0.3× in Q1 2026.
How has Elevance Health's debt-to-assets changed year-over-year?
Elevance Health's debt-to-assets increased by 5.7% year-over-year, from 0.2× to 0.3×.
What is the long-term trend for Elevance Health's debt-to-assets?
Over 4 years (2021 to 2025), Elevance Health's debt-to-assets has grown at a 0.7% compound annual growth rate (CAGR), from 1× to 1×.
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.