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Elevance Health ELV Net debt / EBITDA

Net debt / EBITDA at other companies

Humana logo
HumanaHUM
2×+1.6×
CVS Health logo
CVS HealthCVS
0.5×0.0×
UnitedHealth Group logo
UnitedHealth GroupUNH
2.2×+0.8×
Centene logo
CenteneCNC
1×+1.0×
Cigna logo
CignaCI
-0.6×0.0×
Cencora logo
CencoraCOR
2.6×+1.2×

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$84.97B-34.7%
Enterprise value$106.8B-27.8%
P/E16.2×-5.8×
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×

Questions, answered.

What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.